Category: Uncategorized

Abolition of the lifetime allowance

The Finance Act 2024 abolished the lifetime allowance (LTA). The LTA was the amount of savings you could have at retirement from all your pension scheme benefits combined, without incurring an additional tax charge. The Government has replaced the LTA with two new tax-free lump sum allowances: These new allowances apply to all your pension…
Mercer administration is rebranding to Aptia administration from July 2024

Please see attached a notice of change for Mercer administration, who are the company that deals with calculating your benefits and deals with general member queries. It is a different name but Aptia will be responsible for everything the same as before as Scheme Administrator, but you should not experience any worsening in delivery performance.…

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Category: Uncategorized

Abolition of the lifetime allowance

Mercer administration is rebranding to Aptia administration from July 2024