Autumn Budget 2017 – Pensions

The lifetime allowance will increase in line with the Consumer Prices index to £1,030,000 for the 2018-9 tax year.

The annual allowance remains at £40,000.

There is a reduced annual allowance for those who have started to draw from a pension. This will be £4,000 from 6 April 2017 (previously £10,000) although the legislation for this is currently still working its way through parliament (having been delayed by the General Election).

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