2026, Education, Employee Benefits and Pension Benefit

Do employees really need to be concerned about the Lifetime Allowance right now?

Employee Benefits

FEBRUARY 17, 2023

For example*, if someone aged 45 has a pension fund of £400,000 and a salary of £50,000, saves 5% of their salary into their pension which rises by 3% p.a and receives employer contributions of 10%, it is possible for their pension fund to reach £1,381,000 by the time they retire at 65. appeared first on Employee Benefits.

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

Employee Benefits

JANUARY 21, 2022

As announced in April’s Budget, the Lifetime Allowance (LTA) will be frozen at its current level of £1,073,100 until April 2026. million pension savers [1] are set to reach the limit and will be hit with a tax charge of 55% in retirement. However despite this, many employees don’t even realise that they are at risk.

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Comp and Benefits Today

Do employees really need to be concerned about the Lifetime Allowance right now?

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

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