Lifetime Allowance Flashcards
1
Q
What is the Lifetime Allowance chargeable amount?
A
55% if excess is drawn as a lump sum.
25% if excess is used as income (and taxed as income at marginal rate)
What is the Lifetime Allowance chargeable amount?
55% if excess is drawn as a lump sum.
25% if excess is used as income (and taxed as income at marginal rate)