Lump sum tax allowances - a further liberalisation of pension taxation

Fieldfisher’s Jeremy Harris urges schemes to take account of the new allowances

clock • 4 min read
Fieldfisher pensions partner Jeremy Harris
Image:

Fieldfisher pensions partner Jeremy Harris

The lifetime allowance (LTA) tax charge was abolished in April this year, and this abolishment imposed a 55% tax charge on lump sum benefits, taking individuals over their LTA (the limit on their c...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Are you considering reducing allocations to the US?

Buzz: Are you considering reducing allocations to the US?

Response to Trump tariffs, TPR’s use of AI and scheme response to cyber attacks

Professional Pensions
clock 15 April 2025 • 1 min read
News Digest: Pensions dim on US private equity

News Digest: Pensions dim on US private equity

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 15 April 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Dalriada launches DC tool for AVCs, Clara to switch up to 35% of assets into private markets, and a Hymans Robertson report

Professional Pensions
clock 11 April 2025 • 1 min read
Trustpilot