Getting Britain moving: A pensions perspective
On 9 July 2024, Stephenson Harwood LLP and AtkinsRéalis are hosting a Top Table Lunch during which Juergen Maier (who is leading a Rail and Urban Transport Review for the Labour party) will be in conversation with Stephenson Harwood partner Tammy Samuel. Following Labour's win at the general election on 4 July 2024, this will be the first opportunity for the rail industry to learn more of its plans..
Lifetime allowance abolition – an update
The UK Lifetime Allowance (LTA) tax charges ceased to apply from 6 April 2023, and the LTA itself was abolished with effect from 6 April 2024. Rather than a simple abolition, the LTA has, however, been replaced by lump sum allowances which continue to limit the amount of tax-free cash that an individual can receive from registered pension schemes and from some overseas schemes that hold UK tax-relieved amounts.