The lifetime allowance will rise to £1,073,000 from next April as inflation in the year to September stands at 1.7%.
The Consumer Prices Index (CPI) figure, published today (16 October), is used to calculate the allowance on an annual basis. In April next year the allowance will increase in-line with inflation fr...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
