Lifetime allowance abolition errors corrected by regulations

Regulations laid before parliament to fix LTA errors

Jenna Brown
clock • 2 min read
Lifetime allowance abolition errors corrected by regulations

Errors in lifetime allowance (LTA) abolition legislation have been corrected in regulations laid before parliament yesterday (7 October).

The LTA, the limit on how much money could be saved into a pension before incurring tax charges, was removed from 6 April, however, mistakes were present in the original legislation. Regulations...

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Jenna Brown
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