Lifetime allowance: Three types of at-risk employee and how to help
LTA tax collected in 2016/17 hit £110m
Lifetime allowance: Three types of at-risk employee and how to help
Pension savers breaching the lifetime allowance (LTA) today are shelling out 10 times as much tax as they did in 2006 when the policy was first introduced. Here, Wealth at Work outlines three types of employee at risk of breaking the rules...
The latest figures found that some £110m in tax was collected from individuals exceeding the allowance in 2016/17, up from less than £10m in 2006. Wealth at Work, a provider of financial education...
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