Lifetime allowance

The maximum value of the pension pot which can be accumulated during an individual’s working life without incurring a tax penalty (the “Lifetime Allowance”) will be reduced from the current level £1.8m to £1.5m from April 2012. Transitional arrangements are expected for people whose pension pots already exceed the new limits.

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Mike Cracknell APFS, ACIB, AIFP
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Office address:
Essex House
42 Crouch Street
Colchester
Essex
CO3 3HH

T: 01206 217300
F: 01206 572393
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