|
|
Lifetime LimitsThis is the level against which pension funds are tested by the Inland Revenue at the time of crystallisation (or vesting). The limits have been set at:
If the funds exceed these levels substantial tax charges will apply. This is 55% if the excess benefits are taken as a lump sum or 25% if taken as income. The income will then be subject to income tax at the member’s highest rate. |
I have found the Pension Drawdown Company, and in particular Mr Jonathan Walker, to be most helpful in compiling a meaningful portfolio across ... click here for more
When you become a client of The Pension Drawdown Company you will be able to have on-line access to up to date valuations for all your funds. click here to login |