What is a Lifetime Maximum Allowance?

Is this something NEW ?????

Answer
A lifetime maximum allowance is the maximum amount in benefits that can be paid out by an insurance plan for the person's entire life. This maximum allowance will vary between policies, with most allowances falling between £1m and £2m.
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Although the word benefits is used ,am I correct in thinking this refers to (Private Pension)
I receive a 2 Fig Private Pension each week.(not a lot,but every little helps)

£1000 a week for 20 years (bringing one into their 80's = 1 mill 400 Th.

Are there really people on £1000 + a week Private pension.

Just another way to take our money from us

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we're out

The simply answer is the more you pay in the more you get out....

And yes there will be people on £1000+ per week private pensions.