From 6 April 2016, the lifetime allowance was reduced from £1.25 million to £1 million, and is currently £1.055 million with effect from 6 April 2019. Any pension benefits above the lifetime allowance are subject to a lifetime allowance charge, currently 55% if the excess is paid as a lump sum or 25% if the [...]
On a given day, a financial adviser will do all sorts of things. They will make investments, model cashflow, manage pensions, track the markets, advise on changing regulations and report on progress. All those different things combine to a simple end: helping you better manage your money, by... • taking care that you’re making the most of available [...]
Pension contributions for high earners Just like everyone else, high earners could benefit from investing in a pension – the tax relief makes pensions a tax-efficient way to invest for later in life. However, high earners need to be aware of how their income and tax band can affect the amount they can contribute to [...]
