Following the budget March 15, 2023, The Chancellor has made the following changes to the pension charge: · Increase the annual allowance exemption from £40,000 to £60,000; · Increase the minimum annual allowance exemption limit from £4,000 to £10,000; · Increase the income level for the tapered annual allowance to apply from £240,000 to £260,000; · Ensure that nobody will face a lifetime allowance charge from April …
UK Budget March 2023 – Lifetime Allowance Removed – Very important!
Learn about the significance of the removal of the Lifetime Allowance, what it means, what the effect will be, what you need to do to know, where you stand, and how the Ramsay Brown team can help you. For an example of our New Pensions Information Report click here and contact us at firstname.lastname@example.org if you are interested
UK Budget March 2023 – Lifetime Allowance Removed – Very important!Read More