Lifetime allowance to rise to £1.073m as inflation falls to 1.7%

Holly Roach
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The state pension will also rise by around 4%
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The state pension will also rise by around 4%

The lifetime allowance will rise to £1,073,000 from next April as inflation in the year to September stands at 1.7%.

The Consumer Prices Index (CPI) figure, published today (16 October), is used to calculate the allowance on an annual basis. In April next year the allowance will increase in-line with inflation from the...

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