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Strategies for Lifetime Allowance Planning

The Meaningful Money Personal Finance Podcast

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Is It Worth Me Taking That Out?

If you are over by a hundred thousand, and you leae the excess in the scheme, you pay 25 grand as an l t a charge, leaving 75 thousand. So that's essentially 30 % of the whole. If you add that 30 % to the 25 % you've already paid, that's 55 % of the total. Is it worth me taking that out? Yes. And ove see if you think that through. Er, then, assuming your high rate tax payr which is quite possible for people in this situation, to ave a lifetime allowance, then you're going to pay o try and explain this in ta way which makes se without having te numbers in front of you

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