Government Life Insurance Pension Benefit Taxes 
Money Talk
JANUARY 4, 2024
Free money does not have any work requirement, however, and is often income tax-free. Common sources are businesses, individuals, and the government. 50% for a fifty cent per employee dollar saved match) and is taxed as ordinary income in retirement. Like inheritances, life insurance is generally not subject to income tax.
Employee Benefits
MARCH 4, 2024
Two new limits will be introduced in April to control tax relief on pension lump sums. The lifetime allowance (LTA) is the total value an individual can build up in their combined pension savings without incurring a tax charge: for most people in the tax year 2023/24 this is £1,073,100.
Expert insights. Personalized for you.
170 
Let's personalize your content