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Pensions Guidance

Pensions Tax

In April 2014 the Annual Allowance was reduced from £50k to £40k and the Lifetime Allowance (LTA) was reduced from £1.5m to £1.25m.

The Government has announced that the LTA will be reduced from £1.25m to £1m from April 2016. 

During 2013 UCEA updated and reissed its pensions tax document aimed at HEIs. UCEA plans to update and reissue this document in light of further changes to the LTA.