Claire Trott: Why the LTA is nothing to fear

 

I seem to spend a lot of my time discussing the lifetime allowance, so when it was announced in Budget 2021 that it would be frozen with immediate effect for the next five tax years I knew this would only increase these conversations.

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Budget 2021: LTA freeze will ‘punish’ pension savers

Leading pensions experts have criticised the Chancellor’s move to freeze the pensions Lifetime Allowance (LTA) at £1,073,100 until April 2026.

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FinCalc adds LTA to cashflow modeller

Financial Planning software suite FinCalc has added lifetime allowance (LTA) functionality to its cashflow modeller.

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Pensions LTA set to rise to £1.078m next year

The Pensions Lifetime Allowance is set to rise by £5,800 to £1,078,000 next year following news today of the latest CPI inflation rate of 0.5%.

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