Individual's Lifetime Allowance (LTA) Calculator

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Posted by Dinesh on

Online finance calculator calculates individual's lifetime allowance (LTA) by using Standard LTA and enhancement factor values.
The Lifetime Allowance (LTA) is the overall amount of pension savings that you can have at retirement without incurring a tax charge.

Individual's Lifetime Allowance Calculation

Formula:

Individual's lifetime allowance = SLTA + (LTA × E)

where,
SLTA - the standard LTA applicable at the point of the BCE
LTA - the value of LTA depends on when the enhancement factor is given
E - Enhancement factor
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