Originally Posted by
heights good
On a slight side-note, as there is no 'pension pot' that has my pension contributions sitting in it, how can individuals be taxed on a lifetime allowance on something that doesn't actually exist?
I'm not sure of that either. Another class action should stick it up 'em.
Its just another underhand means to effectively reduce state liabilities on previous guarantees, and it stinks. The actuarial calculations are done by a government department, so I guess marking your own homework and making the figures work is what gets you a M/O/C/KBE these days.