Sir,
Can you please explain with example about Life time allowance in Pension scheme.
Ask the Tutor ACCA TX-UK
Pension scheme
No calculations required within your syllabus just an awareness that a Lifetime Allowance limit exists as to the total value of the pension fund. There are tax penalties that then arise if when the taxpayer takes their pension the value of the fund is in excess of that limit.
Ok thanks...
Sign in to reply to this topic.