The Overlooked Rule Cutting State Pensions for Millions Millions of people in the UK are set to lose out on their state pensions due to a little known rule change that has flown under the radar.
The "normal lifetime allowance" (NLA) limitation is a complex and technical aspect of the state pension system introduced in 2006 as part of an effort to reduce the burden on the system.
What's Behind the Rule Cutting State Pensions for Millions The NLA limit sets a maximum amount that can be accumulated without incurring additional taxes.