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The Pension Drawdown Company specialises
in providing advice on all aspects of pension
drawdown and investments

 
 
Independent Financial Adviser Logo The Personal Finance Society

Lifetime Limits

This 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:

For
2007/08   £1,600,000
2008/09   £1,650,000
2009/10  £1,750,000
2010/11 £1,800,000

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.

Thank you for your recent letter and valuation of 27 November 2006. I would thank you for your continued involvement in monitoring movements i ... 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.

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