Jill Clucas

  • Opinion

    Jill Clucas: Changes to pensions lifetime allowance

    2013-11-06T05:00:00

    Accruing benefits above the value of the lifetime allowance is permitted. However, once an individual has used up his or her LTA, any further benefits will be subject to the LTA charge of 55% on lump sums and 25% on pension income, which will also be subject to income tax. ...