There is light at the end of the tunnel with regards to the COVID-19 pandemic. However, the impact of the pandemic will be felt for several years to come.
Following the Spring Budget on 3 March 2021, Chancellor Rishi Sunak revealed his plan to protect the economy. As part of the plan, Sunak announced that, among other allowances and thresholds, the lifetime pension allowance would remain at £1,073,100 until 5 April 2026.
But what does that mean for you?
You can download the full guide here –
Find out more by reading our latest guide today. Our guide gives handy guidance on:
- What is the lifetime allowance?
- Who will it affect?
- Why should you monitor your pension pots?
- What are the tax charges?
- Should you change your behaviours?
- Testing the lifetime allowance
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