CPI recorded at 1.7%; LTA boosts to £1,073m

The latest CPI figure has been recorded at 1.7% in September 2019, meaning the lifetime allowance (LTA) is boosted to £1,073m.

The annual allowance remains frozen at £40,000.

Royal London pension specialist Helen Morrissey said: “This exposes the real lack of joined up thinking when it comes to this ridiculously complex web of tax allowances and highlights the need for urgent reform.”

The headline rate was a little lower than expected, helped by a fall in petrol prices.

    Share Story:

Recent Stories


Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.

Every Mortgage Tells a Story
Vida Homeloans is the award-winning specialist mortgage lender for residential and buy to let customers who may not fit the criteria currently demanded by high street lenders. View this video now on how Vida help those in their personal circumstances or their investment strategies.