Published by Bhargaw Buddhdev on
On 6 April 2014 the AA reduced to £40,000 and on 6 April 2016 it was again reduced for high earners. The maximum level of benefits that an individual can draw from all registered pension schemes without incurring tax charges reduced to £1.25m from 6 April 2014 and reduced again from 6 April 2016 to £1m. The LTA increased to £1.03m from 6 April 2018 and will increase to £1.055m from 6 April 2019.
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