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

Employee Benefits

Therefore, people’s pension savings will likely start catching up with the frozen Allowance. This could particularly affect those who never check the value of their pension or haven’t done so for some time. Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it.

Pension 104
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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. This could particularly affect those who never check the value of their pension, or haven’t done so for some time. Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it.

Pension 52
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The Pros and Cons of Standalone Overseas Employees in the Remote Work Era

Hppy

Not just because more choice in a variety of markets can lead to lower salary expectations, but because maintaining physical office overheads is increasingly expensive. Taxation issues and pension complications If the employee is given the nod to work in a country, they have to pay the tax that they owe.

Pension 36