The Lifetime Allowance seems to be a hefty sum, presently standing at £1,073,100.
Nevertheless, it has additionally been frozen till 2026, dragging extra into the tax web attributable to inflationary pressures.
Often, the Lifetime Allowance ought to improve consistent with the buyer value index on this regard.
HMRC knowledge procured by InvestingReviews in a Freedom of Info request has proven 2,300 staff are nonetheless paying into their pension regardless of already exceeding the Lifetime Allowance.
