Pensions 

Lifetime Allowance changes: The PCLS consequences

Lifetime Allowance changes: The PCLS consequences

When pensions simplification came into force in 2006, it was thought life would be relatively easy: savers would have a single lifetime allowance (LTA) that was due to increase over the years, and they could simply take 25 per cent of their benefits as a tax-free lump sum. 

The content you are trying to access is only available to users with an FTAdviser.com subscription

Subscribe to FTAdviser now for:

- Full access to articles written by the Money Management team

- No limit to the number of articles you can read every month

- The ability to use Money Management's uniquely prepared fund statistics - on the web, or by downloading a pdf

Unlock unlimited articles
Subscribe