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Death Benefits Lump Sum Payments Pensions

Mayer Brown

United Kingdom: The Abolition of the Lifetime Allowance - What Employers Need to Know

Mayer Brown on

What is happening? From 6 April 2024, the LTA will be abolished and a new regime for the taxation of lump sums and lump sum death benefits will be introduced. This is the most significant change to the UK pensions tax...more

Mayer Brown

Abolition of the lifetime allowance – Excepted group life assurance arrangements for death in service benefits

Mayer Brown on

As employers will be aware, the lifetime allowance (LTA) will be abolished from 6 April 2024. The LTA is the maximum amount of tax-relieved savings that an individual can build up in registered pension schemes over their...more

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