Lifetime Allowances and Life Cover through Excepted Group Life Policy

Published by Nilesh Shah on

Our expert

  • Nilesh Shah

    Nilesh Shah

    Associate, Executive Pensions

  • Reduction causes increase.

    Since the Lifetime Allowance (LTA) reduced again to £1 million at 6 April 2016, there has been an 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.