Adrian Boulding: Guiding clients through the complex pensions tax web

The limitation of the Lifetime Allowance (LTA) has been attracting a great deal of negative market attention in the last few weeks - especially from Royal London's director of policy Sir Steve Webb and AgeWage CEO Henry Tapper. The insurer's recent study found that 290,000 pension savers approaching retirement had already breached the current £1.03m LTA level and many of them were still paying in. Royal London concluded the regime was already catching a goodly number of long-service public sector workers with DB pensions as well as lots in the private sector with salaries tending to rang...