The Impact of The Lifetime Allowance
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The Spring Budget announced that the Pension Life Time Allowance (LTA) would be frozen until at least April 2026 at £1,073,100.  Previously, the LTA increased at the target rate of 2.5% however last year due to the low inflationary environment, it only went up by 0.5%. A prolonged period with no inflationary increases will mean…

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Longevity Risk
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One of the most fundamental risks in retirement is longevity, the risk of running out of money before running out of life.  Whilst there are a lot of benefits to living a long time, longevity undoubtedly increases financial risk.   So just how long will your retirement plan need to generate income?  Most people underestimate their life expectancy, often significantly.  A man who is 65 years…

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