Financial Adviser at The Strain Practice - Providing financial advice to help you minimise tax, maximise wealth and protect against risk.
Five pension considerations for directors and executives > The more you earn, the more you stand to gain by taking full advantage of the tax reliefs and allowances available to you. > Seeking expert financial advice can help you make sure your money is working as hard for you as possible. > 2023 saw the removal the lifetime allowance penal tax charges, but from April 2024 the lifetime allowance is being abolished and replaced by allowances that restrict only tax-free lump sums paid. > 2023 also saw the increase in the pension annual allowance, to £60,000, which may offer additional savings options.