Although saving into your pension scheme is a tax-efficient way
to save, there is a limit on the total income you can receive from
your pensions without having to pay tax other than Income
This limit is called the lifetime allowance. It is set by
Government and reviewed regularly. It is set at a high level, so it
is unlikely that you will be affected by the lifetime allowance.
Your scheme or provider will tell you whether or not you are likely
to be affected.
Click here to
read our spotlight on the lifetime allowance
Click here to visit the HMRC website to find out
more about the lifetime allowance