Applications for lifetime allowance protection 'slowing to a trickle'

4,000 people registered in the last year

clock • 2 min read
Applications for lifetime allowance protection 'slowing to a trickle'

A freedom of information request submitted by LCP revealed that new applicants for lifetime allowance (LTA) protection have trickled down to 4,000 in the last year.

The firm said the lack of applicants was a concern after Chancellor Rishi Sunak announced a five-year freeze on LTA pension contributions over £1m earlier this year. The set of rules allow peopl...

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