Navigating Labour Pensions Lifetime Allowance: A Comprehensive Guide
Understanding Labour Pensions Lifetime Allowance Labour pensions lifetime allowance – The lifetime allowance (LTA) is a limit on the amount of money you can save in your pension schemes without incurring a tax charge. The LTA is currently set at £1,073,100 for the 2023/24 tax year. Labour pensions are a type of pension scheme that … Read more