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.
You may like
People who read this also read
Questions? We'll Put You On The Right Path!
With over 35 years of experience, our team will be able to provide you with the guidance you need to make the right decisions.