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Lifetime allowance

The lifetime allowance (LTA) sets a ceiling on the total value of pension funds an individual can accumulate with tax relief.

If the aggregate funds and benefits exceed the LTA the value of the excess may be liable to the lifetime allowance charge. This is also dependent on any transitional protection your client may have.

Tax year LTA Tax year LTA
2006/2007 1.50m 2012/2013 1.50m
2007/2008 1.60m 2013/2014 1.50m
2008/2009 1.65m 2014/2015 1.25m
2009/2010 1.75m 2015/2016 1.25m
2010/20111.80m2016/20171.00m
2011/2012 1.80m

 

Disclaimer

This information is intended for investment professionals and should not be relied upon by private customers or any other persons.