Archive: February, 2016

Important – Reduction of Pensions Lifetime Allowance

Posted on Thursday, 25th February 2016 in Benefits, HMRC, SIPP, SSAS by Mark Andrews

If your pension savings are worth – or are likely to be  – more than £1 million you may need to protect your pension savings from the lifetime allowance tax charge. What is the lifetime allowance? The lifetime allowance is the amount of savings you can take from your pension schemes without facing a tax charge. […]