Originally Posted by
Al R
I see that that old perennial, the Lifetime Allowance, is in the news again. The Times is trailing possible savage cuts down to (possibly) £800,000 or so. Stand by for a bonfire of the Squadron Leaders.
I guess the government has no intention of reversing course on a tax exercise originally aimed at private contributory schemes from killing the public non-contributory schemes. I've never seen the evidence that supports the arbitrary calculations used to produce the equivalence between the two either.
The rapid march from a
'2-star and above' issue to potentially wg cdrs and below has been relentless - especially for a retrospective change in tax status.