Lifetime allowance - the role of investment

The quote says: “In this world, nothing can be said to be certain, except death and taxes.” And while this may be true, it should not stop a financial adviser planning ahead to avoid or at least reduce the effect of the latter. In this regard, the impact of the change in the lifetime allowance (LTA) is a case in point. Failure to opt for adequate protection and subsequent breach of the new LTA could have considerable adverse tax consequences. For this reason, advisers will have been reviewing the size of the pension funds of their wealthier clients and assessing whether they are likel...