The Martin Lewis Podcast cover image

Budget special: energy, tax, childcare, pension and Help to Save

The Martin Lewis Podcast

CHAPTER

The Pension Lifetime Allowance

Lifetime allowance is the cap on how much you can put into a pension in your lifetime. It's currently just over a million quid, and it will be scrapped from April. The money purchase allowance goes up to 10,000 pounds a year. Once you hit 55, you can take money out of your pension but continue to contribute.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner