Lifetime Allowance
Episode description
This week, Tony talks about the lifetime allowance, and explains how you can gain more assurance about the savings you've been accruing throughout your life so far.
KEY TAKEAWAYS
- If you've been saving into a pension throughout your life, you should be allowed to feel confident about the future you've been saving for.
- The government will maintain the current lifetime allowance until April 2026, removing the usual annual incremental rises.
- The lifetime allowance is a limit on the amount you can withdraw in pension benefits in your lifetime before you trigger an additional tax charge.
BEST MOMENTS
'The best savers sometimes find themselves breaching their lifetime allowance'
'The answers are intended to help you avoid this tax charge'
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
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ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
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