LTA to see £5,800 increase in 2021 on 0.5% inflation figure
21 October 2020
The pensions Lifetime Allowance is set to rise just 0.5% in line with the September inflation figures. This will see the current Lifetime Allowance (LTA) rise by £5,800 to £1,078,000 next year, meaning most savers will be entitled to an extra £1,450 tax-free cash. According to Tom Selby, senior analyst, AJ Bell, while a...