Tax changes: Lifetime Allowance
Pensions tax changes currently going through Parliament are likely to see the Lifetime Allowance (LTA) abolished.
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Pensions tax changes currently going through Parliament are likely to see the Lifetime Allowance (LTA) abolished.
Watch our videos to find out how changes to contributions and benefits could impact you.
After consideration of the responses received to the consultation with affected employees and their representatives, the USS trustee and the JNC have not proposed any modifications to the JNC’s proposed package of benefit and contribution changes.
Read the answers to the key questions on the one-off uplift to benefits.
Capita previously reported a cyber incident involving hackers targeting some of its computer servers. Capita have identified from their investigations that personal data of USS members was exfiltrated (i.e., accessed and/or copied) by the hackers. To help members monitor their personal information for certain signs of potential identity theft, they will be given access to a leading identity protection service, free of charge, and we are writing to them this week setting out how that will work.
Capita recently reported a cyber incident involving hackers targeting some of its computer servers – potentially impacting several of the cross-sector businesses it serves. We use Capita’s technology platform (Hartlink) to support our in-house pension administration processes and have been liaising closely with the company over the course of its forensic investigations.
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We’re changing the way we track returns in the UK Equity Fund, so you’ll get a clearer view of how it’s performing against the benchmark.