Our Annual Report looks back at our achievements and challenges over the last financial year, outlining our financial performance and describing our progress against our strategic objectives..
Pension Lifetime Allowance� The lifetime allowance (LTA) is the limit on how much you can build up in pension benefits over your lifetime while still receiving full tax benefits. The LTA is currently set at �1,073,100; if your pension pots go over the allowance, you�ll usually pay a charge.� Now the compensation cap is being removed; some members may be liable to pay a lifetime allowance charge on their PPF benefits.�
The Modern Slavery Act came into effect in March 2015. As one way of tackling the problem of modern slavery, the act requires that all commercial organisations, with a turnover of more than 36 million, provide an annual slavery and human trafficking statement. Modern Slavery Statement 2022 Our statement, as required by law, sets out the steps we're taking to make sure that this doesn't happen.
Our Board helps hold us accountable and makes sure we meet our aims now and in the future. Our Executive Committee are responsible for the day-to-day running of the organisation.
We raise the money we need to pay compensation to current and future PPF members, as well as for the costs of running the PPF, in four ways.
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