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Pension lifetime allowance

Protecting your pension from a tax charge

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Changes to pension rules in recent years mean now could be a good time to revisit your retirement saving plan. One important change which has been overlooked by many savers is the reduction of the pension lifetime allowance from £1.25 million to £1 million and its subsequent increase to £1.055 million. This means you may need to review your pensions if you are concerned about a potential tax charge.

What's in the guide:

How much you can save in your pension before a tax charge
The different ways to protect your lifetime allowance
How much tax you have to pay on the excess

This guide helps you to ensure you are making the most of your pensions.

Pension Carry Forward

This pension carry forward guide explains how you could pay in more than your annual allowance by carrying forward unused allowance from previous tax years.