Lifetime Allowance Change: Clare Stinton explains the recent pension rule changes

The lifetime allowance change is particularly important – this was the total you could build up across all your pensions without triggering a tax charge. From the 6 April 2023 the tax charge has been removed and the plan is to abolish the lifetime allowance completely from April 2024. A financial adviser can help you review your financial plan and give you the confidence that you’re making informed decisions. Book a call with our advisory helpdesk to find out more. They won’t provide personal advice, but they’ll help you decide if you’d benefit from advice and discuss the charges involved. They’ll then put you in touch with an adviser if you decide our service is right for you.