Lifetime Allowance

Lifetime Allowance is a limit on the amount of pension that can be drawn from pension schemes throughout your lifetime. This Lifetime allowance was introduced in 2006 at £1.5million and was increased each year to 2010 when it reached a level of £1.8 million. Since then a number of changes to the legislation have reduced … Continue reading Lifetime Allowance

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The General Election 2017

As Parliament will be dissolved on the 3rd May in preparation for the forthcoming general election, some elements of the Finance Bill will not go ahead as planned. It was deemed there was insufficient time to get the Finance Bill in its entirety on to the statute book. The following proposed changes will be delayed, … Continue reading The General Election 2017

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Lifetime ISA

The end of the tax year is now only 2 days away. From the start of the new tax year the Lifetime ISA will be available. The Lifetime ISA will allow adults between the ages of 18 and 39 to open a Lifetime ISA and invest up to £4,000 each year and receive a bonus … Continue reading Lifetime ISA

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