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UK Budget could see further cuts to lifetime allowance

UK Budget could see further cuts to lifetime allowance

The UK's lifetime allowance (LTA) for pension savers could be slashed again in the Spring Budget next month, according Markas Gilmartin, founding partner of Bristol-based IFA firm Epoch Wealth Management. Speaking at International Adviser's International Portfolio Bond Forum in Bristol on Wednesday, Gilmartin said he had heard rumours that the current LTA cap maybe reduced from £1m ($1.24m, €1.18m) to £750,000 by chancellor Philip Hammond in the UK's last ever Spring Budget on 8 March. Please link to International Adviser to read the full article by Monira Matin.

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