Autumn Budget 2017: Lifetime allowance increase confirmed

Jenna Towler
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©HM Treasury
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©HM Treasury

Budget papers have confirmed the lifetime allowance (LTA) for pensions will increase to £1,030,000 for the tax year 2018/19.

The LTA currently stands at £1m and is about to be increased in line with the Consumer Prices Index (CPI).   The increase, which happens in April next year, will be calculated in line with the...

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