What Does Lifetime Allowance Mean?
Lifetime Allowance refers to
Getting tax benefits can save you a lifetime. If you exceed this allowance, your retirement benefit may be subject to additional taxes. These assignments can be reviewed and changed by the government. Currently 0 1,055 million.
There is no limit to the increase in your pension fund, but you will receive a lifetime allowance for the maximum tax deduction throughout your life. If you think you may be affected by these restrictions, visit the HHRRC website at www.hmrc.gov.uk.
Literal Meanings of Lifetime Allowance
Meanings of Lifetime:
The length of a person's life.
Sentences of Lifetime
Victory is the reward of life
Synonyms of Lifetime
days, duration of life, one's time, existence, one's career, one's threescore years and ten, allotted span, lifespan, life, time on earth, course of life, this mortal coil
Meanings of Allowance:
The amount of something that is allowed, specifically according to a set of rules or for a specific purpose.
Give (someone) some money to help.
Sentences of Allowance
Eighty-five pounds checked luggage allowance
He spoke of receiving travel allowances, which depended on the designated social worker, and he was not allowed to leave the residence for more than three days.