Pensions: Understanding Lifetime Allowance

In our latest Healthcare video Lisa Pennington, Director and Andy Purcell, Healthcare Services Tax Manager, discuss the lifetime allowance.

This video covers;

• What the lifetime allowance is

• A summary of what the lifetime allowance increased to and how it was reduced

• Defined Benefit Schemes

• Normal contribution-based schemes

• Ways to protect your pension

• How to mitigate a tax charge regarding your pension

• How a lifetime charge is recouped