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Image of Lifetime Allowance changes explained
Tax & Legislation

Lifetime Allowance changes explained

Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which placed a limit on the overall value you can build up across all your pensions before having to pay additional tax.
Plan news Funding Investment Tax & Legislation Trustee Image of Discretionary increases

Discretionary increases

Depending on your communication preference, we recently sent to you either an email or letter about Discretionary increases within the Plan. A copy of the content from this is shown here. 
Tax & Legislation Image of Update on the Lifetime Allowance

Update on the Lifetime Allowance

Since 2006, pension savings have been subject to a Lifetime Allowance (LTA), which places a limit on the overall value you can build up across all your pensions before having to pay additional tax. For the 2022/23 tax year, the LTA stood at £1,073,000. 
Tax & Legislation Image of Pension updates from the Autumn Statement

Pension updates from the Autumn Statement

On 22 November 2023, Chancellor Jeremy Hunt delivered his Autumn Statement, setting out the Government’s key commitments and objectives for the UK economy. The announcement contained some measures that could affect your pension planning.
Plan news Trustee Image of GMP proposal: confirming our decision

GMP proposal: confirming our decision

The Trustee wrote to certain members in May to explain that: we need to address a historical inequality arising from legislation, relating to some Guaranteed Minimum Pension (GMP) benefits in the Plan; and that to do sowe proposed to convert all GMPs into a different form of pension – ensuring that there was no reduction...
Blogs & Podcasts Investment Trustee Image of Podcast 3: A conversation with Gill Manning

Podcast 3: A conversation with Gill Manning

In this edition we talk to Gill Manning, Company Appointed Trustee and Chair of the Investment Sub-Committee, about life as a Trustee and the recently published Taskforce on Climate-related Financial Disclosures (TCFD) report. 
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