The lifetime allowance is a restriction on the total amount of pension benefits that can crystallise over a lifetime without incurring a tax charge. It can also restrict the available tax-free cash ...

Any pension benefits drawn above an individual’s available lifetime allowance (LTA) will be subject to the LTA charge. However, this charge should not be avoided at all costs. It is important to look ...

On the go: Over 12,000 pension savers have breached lifetime allowance ‘protections’ in the past 12 years, leaving them to face tax bills running into hundreds of thousands of pounds. An AJ Bell ...