Lta 2024/25 Tax
Lta 2024/25 Tax. Standard individual lump sum allowance. Tax free lump sums are now tested against the lump sum allowance and the lump sum and death benefit.
This time the feeling is particularly apt, as the 2024/25 tax year sees the onset of a whole new set of rules relating to pension planning, arguably the most dramatic changes to the. This allowance was abolished from 6 april 2024.