What employees need to know to reduce the impact of the LTA
Employee Benefits
JANUARY 21, 2022
million pension savers [1] are set to reach the limit and will be hit with a tax charge of 55% in retirement. Further to this, any tax free cash received from the pension will also need to be added to this figure and tested against the members available LTA. However despite this, many employees don’t even realise that they are at risk.
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