Could UK finances ‘black hole’ see Labour 180 on Lifetime Allowance?

1 August 2024

HMRC’s latest private pension data has revealed the tax take on breaches of the Lifetime Allowance (LTA) in 2022/23 tax year, was over £500 million, making it a ppotential means to fill th UK finances ‘black hole’ recently announced by the Chancellor. In 2022/23, a total of 13,080 LTA charges were reported by schemes through AfT (Accounting for...