Lifetime allowanceJan 8 2025

‘Was the lifetime allowance a good thing after all?’

Lisa Webster
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‘Was the lifetime allowance a good thing after all?’
© (Leon Neal/Getty Images)Chancellor Rachel Reeves did not reintroduce the lifetime allowance but instead brought pensions into scope of inheritance tax.
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Nothing stays the same for long in the world of pensions. It was less than two years ago we had the shock announcement that the lifetime allowance wasn’t just going to go up, it was going to be scrapped completely.

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