Paul Squirrell: With the lifetime allowance, the devil's in the detail

Protections and enhancements

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Paul Squirrell: "By ensuring the individual has used any LTA protection or enhancements available and by considering how these excess benefits are taxed, we may be able to reduce the impact."
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Paul Squirrell: "By ensuring the individual has used any LTA protection or enhancements available and by considering how these excess benefits are taxed, we may be able to reduce the impact."

The lifetime allowance may have been introduced as part of 'pension simplification' back in April 2006 but given the constant tinkering it has seen since, writes Paul Squirrell, LTA planning can be far from simple

The lifetime allowance (LTA) may have been introduced as part of ‘pension simplification' on 6 April 2006 - A-Day, as it was known - yet, given the constant tinkering it has seen over the years, LTA planning...

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