Remove 2005 Remove Pension Benefit Remove Salary Remove Taxes
article thumbnail

What employees need to know to reduce the impact of the LTA

Employee Benefits

million pension savers [1] are set to reach the limit and will be hit with a tax charge of 55% in retirement. Further to this, any tax free cash received from the pension will also need to be added to this figure and tested against the members available LTA.

Pension 52