Pensions lifetime allowance to be abolished

Sharky

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Announced in today's budget, the pensions annual tax-free allowance will increase from £40,000 to £60,000 and the Lifetime Allowance, previously set at £1.07m, will be abolished. Finally something for investors to cheer about!
 
Yes definitely a positive move. Was a ridiculous restriction; even if your contributions are nowhere near the limit, a strong performance within your investments could result in a breach.
 
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