The removal of the lifetime allowance (LTA) in this year’s Spring Budget has led to more than half (51%) of people restarting, increasing, or planning to increase pension payments, according to Investec Wealth & Investment.
The new study with higher rate taxpayers from the wealth manager showed that scrapping the LTA has driven changes with 59% taking a range of actions as a result. Chancellor Jeremy Hunt confirmed...
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
