What could the further reduction mean to your retirement income?
The Government has introduced comprehensive reforms to the pension rules over the previous few years.
One important change, which may have been overlooked by some savers, is the reduction of the Lifetime Allowance that applies to pension savings. This further reduction means that you may be affected.
Want to further understand the implications of the reduction in the lifetime allowance?
If you would like to further understand the implications of the reduction in the Lifetime Allowance and how it could impact on your retirement plans, please contact us to discuss your situation or if you have any further questions.