2024 Life Insurance Pension Benefit 
Money Talk
JANUARY 4, 2024
Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy. Like inheritances, life insurance is generally not subject to income tax. Best wishes for a healthy, wealthy, and happy 2024. stock or mutual fund shares) are taxable.
Employee Benefits
MARCH 4, 2024
From April 2023, the LTA charge was removed and pension benefits have been taxed as income with no additional penalty since then, but the formal abolition of the LTA required a raft of new legislation which is now complete, so this will take place from April 2024.
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