Pension Lifetime Allowance set to increase

The Lifetime Allowance will increase to £1,030,000 from 6 April 2018. This is a welcome increase in pension allowances for the first time in seven years.

The announcement on 17 October of the 3% September Consumer Price Index (CPI) means we hope to see a Lifetime Allowance of £1,030,000 from 6 April 2018. This is a welcome increase in pension allowances for the first time in seven years.