Lifetime Allowances and Life Cover through Excepted Group Life Policy

Published by Kevin O'Neill, Nilesh Shah on

Our experts

  • Kevin O'Neill

    Kevin O'Neill

    Head of Workplace Health

  • Nilesh Shah

    Nilesh Shah

    Associate, Executive Pensions

  • In September 2017 we discussed excepted group life assurance schemes and the Lifetime Allowance (LTA).

    From 2019/2020 the LTA will be £1,055,000 and there has been a continued increase in the use of excepted group life policies (EGLPs) for employees who already have a high level of benefit in a registered pension scheme.

    This briefing has been updated with an important change to eligible beneficiaries.