The pension lifetime allowance (LTA) – and the planning that surrounds it – is far from straightforward. The amount has changed lots of times over the years and many more clients are affected by it than they once were. However, by ensuring that a client has utilised any LTA protection or available enhancements and by considering how these benefits are taxed, the impact may be reduced.
Fidelity FundsNetwork’s pension expert, Paul Squirrell explores this topic further and illustrates how good advice may mitigate any potential tax charge.
