His fund is unlikely to be affected by a new lifetime allowance of 拢1.5m, his contributions are below the proposed maximum of 拢215,000 and he will be able to increase his tax-free cash to 25 per cent of the fund without having to transfer the benefits to a personal pension....
Not everyone will be able to contribute the maximum 401K contribution. If you can, however, it is one of the best things you can do for your financial future, particularly when a possible employer 401K match is at stake. Matching funds are free money and can quickly boost your retirement o...