Scrap Lifetime Allowance and tax-free lump sum, Government told

The Lifetime Allowance and the 25% tax-free lump sum should be scrapped as part of more radical changes to the pensions and savings regime, The Centre for Policy Studies says.

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'Further lifetime allowance reduction would be bad news'

A retirement planning expert says it would be "bad news" if the lifetime allowance is reduced further in next week's budget. Read more...

Advisers back AJ Bell plans to overhaul pension system

More than 94% of advisers support calls to scrap the lifetime allowance and simplify the capped drawdown pension rules, a survey has suggested. Read more...

Lifetime pensions allowance: Many 'sleepwalking into tax trap'

Britons are "sleep walking into a tax trap" due to widespread ignorance about what the lifetime allowance is, a study has found. Read more...
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