- This topic has 2 replies, 2 voices, and was last updated 7 years ago by .
- You must be logged in to reply to this topic.
PQ Awards Nominations
Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Can you please explain with example about Life time allowance in 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.