S&W The Pulse

Lifetime allowance, what do you need to know

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Synopsis

Lifetime allowances for pensions was first introduced in 2006. This is the amount an individual is allowed to accrue in pensions scheme before paying any tax charges. The lifetime allowance for 2021/22 has been frozen and sits at £1,073,100.Lifetime allowance can be extremely complex area to navigate. This podcast is not intended as advice and those who face any of the issues discussed in the podcast are  encouraged to seek appropriate financial planning advice. Want to know more about our Personal Financial Planning Services and how we can help you? Head here for more info: https://smithandwilliamson.com/en/services/personal-financial-planning/SOCIAL MEDIA:Twitter - @SmithWilliamsonLinkedIn - @Smith&WilliamsonCREDITS:Hosts: Anne McClean, Douglas CameronProducer: Laura BurrowsGET IN TOUCH:Have any feedback? We're listening, email us at: podcast@smithandwilliamson.comView all episodes for the Personal Financial Planning show here: https://bit.ly/3wWnSZW This episode was recorded on 19/04/2021This S&W T