Keep track of your clients' LTA on Timeline

Timeline has added the facility to keep track of client’s Lifetime Allowances (LTA) so you can give them an accurate representation of their used allowance and the tax implications of any further withdrawals from their pension pots.

You can find the new LTA facility in the Income Tax section of Timeline.

The current Lifetime Allowance is £1,073,000 and this amount is the threshold, up to which, all the income withdrawn from pension accounts are taxed as usual and no extra charge is triggered.

Thomas is Product Manager at Timeline.

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