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MacGillivray Blog: The Grand Old Duke of Pensions

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Neil MacGillivray, chairman of the Association of Member-directed Pension Schemes and head of technical support at James Hay Partnership Neil MacGillivray, chairman of the Association of Member-directed Pension Schemes and head of technical support at James Hay Partnership
The recent Budget announcement by the Chancellor that he would reduce the Grand Old Duke of Pensions - the lifetime allowance (LTA) - to £1m from 6 April 2016 will mark the eighth change in the LTA since its introduction in 2006 and this excludes personalised LTA afforded by certain forms of protection.
Read 3813 times Last modified on Tuesday, 31 March 2015 12:25