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The Lifetime Allowance is no more, but its legacy lives on in some new rules about how much tax-free cash you can take when you crystallise your pensions at retirement. No surprises - the rules are complex and introduce a host of new impenetrable acronyms. Let me try to walk you through it. #meaningfulmoney #meaningfulacademy #lifetimeallowance 🔴 • THIS IS HUGE! Lifetime Allowance and other... - Click here to watch "Lifetime Allowance and Other Changes" 🔴 • UK Pensions have changed. For now... - Click here to watch "UK Pensions Have Changed - Now What?" 👉 MeaningfulAcademy - Retirement Planning: https://meaningfulacademy.com/retirem... 🏷️ Use PROMO Code "YOUTUBE" to save on any of the courses. 🎟️ Trading 212 partnered with MeaningfulMoney and offers fractional shares worth up to €100. Use the link https://trading212.com/promocodes/MM212. If you do not get your free share after depositing £1. Use promo code MM212, you will find it in the section with the three lines in the bottom right corner of the app. Chapters: 00:00 Intro 00:33 Confrontation of Problem 01:23 The new rules for tax-free cash 03:08 The Lump Sum Allowance 04:45 Benefits taken before 6th April 2024 - Standard Calculation 06:01 Benefits taken before 6th April 2024 - Alternative Calculation 09:19 Summary 📙 The MeaningfulMoney Handbook: http://petesbook.com The MeaningfulMoney Community (Facebook): 👉 https://meaningfulmoney.tv/community 👉 Life Insurance with LifeSearch: https://meaningfulmoney.tv/lifesearch 👉 Farewill - Discount off your Will: https://meaningfulmoney.tv/resources/... FOLLOW ME: ✔ Facebook: / meaningfulmoney ✔ Twitter: / meaningfulmoney ✔ Instagram: / meaningfulmoney.tv ✔ LinkedIn: / petematthew ✔ Website & Podcast: https://meaningfulmoney.tv ⚠️ IMPORTANT: Please be aware that MeaningfulMoney does NOT endorse or recommend ANY people or businesses claiming to be experts in crypto or other investments. We would never recommend you any investment strategies within the comments section. Please protect yourself against spam and misleading information from fake accounts and please do not share any private or sensitive information. 📫 Leave me a comment below - I read all of them and love hearing from you!