David Gauke: The lifetime allowance limits the total value of tax relieved savings that may be accrued by an individual throughout their life. This allowance affects only the wealthiest 2% of pension savers. (a) The reductions in the lifetime allowance and annual allowance for pensions tax relief announced in 2010 are expected to raise £4 billion per year in steady state. Disaggregated figures for...
↧