lifetime allowance

Her Majesty's Revenue and Customs (HMRC) has altered its interpretation of annual allowance rules to let investors save more this year.

Advisers should consider recommending fixed protection to clients who have already started drawing their pension pot, SIPP provider Suffolk Life said.

As the lifetime allowance reduces to £1.5m advisers can apply for fixed protection for clients with pension pots likely to breach this amount. Matthew Stephens goes through the process

Retirement Planner's round up of the top pension stories today.

Her Majesty's Revenue and Customs (HMRC) last night published the application for fixed protection for the new lifetime allowance (LTA) on pension contributions.

Axa Wealth's Andy Zanelli on ten key facts advisers should know about the forthcoming reduction to the lifetime allowance...

Differences in the various pension protections available to savers against changes to the lifetime allowance (LTA) could leave almost a thousand investors worse off, AJ Bell said.

The Treasury says people exceeding the annual allowance (AA) on pension savings must meet their tax charges as soon as they arise.

The new limit of £50,000 on pension contributions will hit doctors disproportionately hard as they are forced to pay extra advice fees, accountants say.

Skandia has called on HMRC to clarify whether pre-A-Day tax free cash will be protected when the new lifetime allowance (LTA) on pension contributions comes into effect in April 2012.