325,000 savers have used rules to avoid LTA breach

Despite the high numbers, an FoI has found the number applying is dwindling

Hope William-Smith
clock • 1 min read
Lane Clark & Peacock partner Sir Steve Webb
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Lane Clark & Peacock partner Sir Steve Webb

More than 325,000 pensions savers have taken advantage of special rules which allow them to avoid lifetime tax allowance (LTA) caps, according to information obtained by Lane Clark & Peacock (LCP).

A freedom of information request from the consultancy in July to HM Revenue & Customs (HMRC) found that a high number of savers had protected themselves against cuts in the LTA for tax relief since...

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Hope William-Smith
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Hope William-Smith

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