Pension Lifetime Allowance Indexation

Lifetime Allowance Indexation

From the 17/18 tax year, the pension lifetime allowance indexation will be increased by CPI each year and provide an element of indexation for your pension pot. The first increase was by £30,000 resulting in the 18/19 tax year standard lifetime allowance being £1,030,000. 

A further increase took place on April 5th 2019 and the new lifetime allowance limit for the 19/20 tax year is £1,055,000.

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