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