In Focus: Retirement planningApr 3 2023

Lifetime allowance change could delay pension death payments

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Lifetime allowance change could delay pension death payments
A change made by HMRC could cause complications and delay pension death benefit payments, according to Quilter. (Denismart/Dreamstime.com)
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Changes by HM Revenue and Customs in response to the scrapping of the lifetime allowance could delay pension payments on death to beneficiaries, Quilter has warned.

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