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- £1,073,100Your lifetime allowance (LTA) is the maximum amount you can draw from pensions (workplace or personal) in your lifetime without paying extra tax. This figure is currently £1,073,100, but the charge for breaching the LTA will be removed from 6 April 2023, with the allowance abolished entirely from April 2024.www.unbiased.co.uk/discover/pensions-retirement/managing-a-pension/what-is …
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WEBApr 8, 2024 · The lifetime allowance was the total amount you could previously save into your pension. In 2022-23, it was £1.073m, but now it has gone. This guide explains how it worked.
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What is the pension lifetime allowance and how does it work?
WEBMar 20, 2024 · The pension lifetime allowance is the total amount of money that you, your employer, or any third party can invest in your pensions in your lifetime before you have to pay tax. In this blog, we will …
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