More than two thirds (67%) of high-net-worth (HNW) individuals are considering working for longer than planned after the removal of the lifetime allowance (LTA), according to the Saltus Wealth Index report.
In March's Spring Budget, chancellor Jeremy Hunt scrapped the LTA from 6 April 2023. He also raised the annual allowance from £40,000 to £60,000. The decision was an aim to tackle fears that the...
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