Fixed Protection

007 protection

More advisers are worried about their clients incurring lifetime allowance (LTA) tax charges, according to retirement wealth platform James Hay Partnership, which saw queries around the upper contribution limit spike in the last quarter.

Nigel Hatt looks at the protection opportunities for those in danger of breaching the lifetime allowance.

The lifetime allowance drops to £1.25m in April ushering in a whole new protection regime. Mike Morrison asks whether it is always right to take up this protection.

Taking a hefty tax charge on the chin might be the right decision