There have been widespread media predictions that chancellor Jeremy Hunt will announce increases to the lifetime allowance (LTA) and the annual allowance (AA) in tomorrow’s (15 March) Spring Budget, in a bid to encourage older workers to stay in or return to work.
It has been widely reported the LTA will rise from the current £1.073m to as much as £1.8m, and reports suggest the AA could rise from £40,000 to £60,000. Lane Clark & Peacock partner and former...
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