Finalise LTA abolition rules by October, warns ACA

ACA warns of "unintended outcomes" if draft legislation is not finalised

Martin Richmond
clock • 2 min read

HM Revenue & Customs (HMRC) has been called to finalise draft legislation for the abolition of the lifetime allowance (LTA) by October, the Association of Consulting Actuaries (ACA) has warned.

In its response to HMRC's LTA abolition consultation, the ACA said it believed October was a "key point" for the practicality of the measure, which was announced by chancellor Jeremy Hunt in his Spring Budget earlier this year. The ACA noted it was critical for the government to have finalised key policy decisions and for the core legislation to reflect those decisions to be drafted by the October deadline. It also noted there should be a window for consultation to ensure any prospective new legislation and policy decisions are "fit for purpose". The ACA warned if the government fails...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Personal Finance Awards winners named

Feel Good Friday: Personal Finance Awards winners named

Awards ceremony took place yesterday

Professional Adviser
clock 23 October 2026 • 1 min read
What do younger clients really want from their adviser?

What do younger clients really want from their adviser?

'They're going to need all the help they can get'

Justin Cash
clock 21 October 2026 • 5 min read
CII and PFS celebrate more than 300 chartered graduates

CII and PFS celebrate more than 300 chartered graduates

347 graduate from CII and PFS

Sophia Panayi
clock 21 October 2026 • 2 min read