
Strategies for Lifetime Allowance Planning
The Meaningful Money Personal Finance Podcast
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Do You Know How Much Your Lifetime Allowance Uses Up?
Whenever you trigger one of these b c es, you will have a percentage of your lifetime allowance used up. The measurement is the annual pension multiplied by 20, plus any lump sum you've taken. And that's then the tested figure against whatever the lifetime allowance is at that point in time. H ye si ere present with the l t a just over a million pounds as an example. That would use up about 25%. So if you don't let a sip of whatever on the side, with 900 thousand quid on it, then then how is d c schemes werk to s easieran? Because its literally the amount of the pension fund crystallized.
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