lifetime allowance

The government needs to stop making changes to the pension regime according to Almary Green.

A consultation document has been launched into the new individual protection regime following last year's reduction in the lifetime allowance. Helen Morrissey asks whether this new protection is useful or whether it is an unnecessary complication

DIVORCE

HM Revenue & Customs (HMRC) has launched a consultation on two new forms of protection for people caught unfairly by the government's most recent cuts to the lifetime allowance (LTA).

In this week's quick fire poll we ask: Is the individual protection regime a good thing?

Pension savers affected by the lifetime allowance reduction - set to come into force from April next year - should start taking action now to minimise the risk of breaching the limit, a wealth manager has said.

The government is to consult on offering an individual protection regime for when then annual allowance is cut to £1.25m in 2014.

More clients than ever could face a 55% tax through breaching the lifetime allowance. Fiona Murphy asks advisers about the issues and action to take

The £1.5m lifetime allowance on pension saving should be scrapped as it is a barrier to effective long term retirement saving, a provider has said.

Pension savers who have acted to protect their lifetime allowance through fixed protection could lose the benefit if they are covered by scheme life insurance.