This is the maximum amount of money that you can accumulate as pension savings throughout your lifetime and still benefit from tax relief. If the amount you save exceeds the lifetime allowance, then you will have to pay tax on these savings.
Many regard investing in property as a one-way street. Rents go up and house prices rise even faster. A buy-to-let property can be a great investment, but there really are no guarantees....read more from our Pension Myths Explained.