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Old 1st Jan 2023, 13:55
  #33 (permalink)  
kintyred
 
Join Date: Sep 2006
Location: Pastures new
Posts: 354
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My brain hurts! I thought that the govt assumed a notional pension pot for service personnel that amounted to 20 times their pension and that if that notional value exceeded the lifetime allowance then that triggered an additional tax burden. By reducing the multiplier, the assumed value of the pot would decrease thus reducing the chance of exceeding the LTA.
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