UK Autumn Statement – Budget 2017

by pts. Posted in UK Pension Transfers

It was a relief this morning to review the Budget and it would appear that UK Pensions and QROPS have not received any major changes in the UK Budget.

Positive news for those with larger balances, the lifetime allowance (LTA) will increase by £30,000 from £1 million to £1.03 million from April 6 2018,.

The UK Personal Allowance is on the rise from £11,500 to £11,850 in the 2018/2019 tax year.

If you are interested in other major announcements from the UK Budget a summary can be found by following the attached link: https://www.gov.uk/government/news/autumn-budget-2017-25-things-you-need-to-know