Sentence examples for lifetime allowance for from inspiring English sources

Mr Osborne said reducing the lifetime allowance for pensions tax relief to £1 million will help towards cutting the deficit.

For private pensions, a lifetime allowance for tax relief on pension savings, of £1.5m, will be introduced.

And the tax-free lifetime allowance for the value of your pension pot is being cut from £1.5m to £1.25m.

From 2014-15, the lifetime allowance for tax-free pension saving will be cut from £1.5m to £1.25m, and the annual allowance will be cut from £50,000 a year to 40,000.

Let's introduce a lifetime allowance of £500,000 for ISA investments and freeze the annual limit at £15,000 for the remainder of this parliament with a shift in resources – for example, by matching, pound for pound, the first £100 that each saver puts in an ISA for basic rate taxpayers.

There will also be a lifetime allowance of £1.5m.

From 2016-17, the lifetime allowance - for pension savings that can be accumulated free of tax - will be cut from £1.25m to £1m.

Despite the rumours, entrepreneurs will be relieved that entrepreneurs' relief will still apply for qualifying gains of up to the £10m lifetime allowance.

Over the weekend the party promised to cut the lifetime allowance on pensions tax relief to £1m from £1.25m and tax shares to pay for a £1bn investment in the NHS.

The lifetime allowance to go down from £1.5m to £1.25m.

The lifetime allowance was introduced in 2006 by then chancellor Gordon Brown, who capped the total sum any individual could save in a pension and qualify for tax relief at £1.5m.