Pensions Lifetime Allowance
Discussion
LIFETIME ALLOWANCE
If someone has an existing pension fund of £1,000,000 and it is expected to rise over the next few years, what (if anything) can be done to protect the fund from a charge when the lifetime allowance drops to £1.25 million wef 06/04/2014?
Does "Fixed Protection" prevent the charge being applied should the fund be over the lifetime allowance?
Does anyone know if there are any proposed changes to the 25% tax free element (bit of a long shot this one)?
If someone has an existing pension fund of £1,000,000 and it is expected to rise over the next few years, what (if anything) can be done to protect the fund from a charge when the lifetime allowance drops to £1.25 million wef 06/04/2014?
Does "Fixed Protection" prevent the charge being applied should the fund be over the lifetime allowance?
Does anyone know if there are any proposed changes to the 25% tax free element (bit of a long shot this one)?
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