Avoid a Potential 55% Tax Charge on Your Pension Savings

Avoid a Potential 55% Tax Charge on Your Pension Savings

Time is running out for individuals who have substantial pension pots to make a decision to protect their pension savings because the lifetime allowance is being cut from 6 April 2014. The lifetime allowance is an overall limit on the amount of tax relieved pension savings that an individual can build up over their life.  A tax charge applies to pension savings above the lifetime Read more…