'Mistake' to view LTA abolition as one less problem - advisers

Advisers tell Professional Adviser LTA abolition brings ‘significant change'

Sahar Nazir
clock • 2 min read

Advisers have said the new legislation surrounding the abolition of the lifetime allowance (LTA) on 6 April presents "new planning opportunities" but familiarising themselves with the changes is "a must".

As the abolition approaches, advisers have been called on to familiarise themselves with the incoming legislation. The permanent abolition of the pensions LTA from 6 April brings with it a range of supporting legislation, including three new allowances - the lump sum allowance (LSA), the lump sum and death benefits allowance (LSDBA) and the overseas transfer allowance (OTA). AJ Bell head of public policy Rachel Vahey yesterday (5 February) urged advisers to support clients in maximising pension tax efficiency. She suggested that advisers discuss not only clients' pension income str...

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

Tessa Lee: The invisible cost of poor client data

Tessa Lee: The invisible cost of poor client data

How can you improve data quality?

Tessa Lee
clock 23 July 2026 • 4 min read
Dean Proctor: Hopes and fears for the new PM and cabinet

Dean Proctor: Hopes and fears for the new PM and cabinet

Stability, simplicity and the chance to do things differently

Dean Proctor
clock 23 July 2026 • 5 min read
Should spousal maintenance be abolished? A modern perspective

Should spousal maintenance be abolished? A modern perspective

Making the case for abolition and retention

Amy Walpole and Karen Brennan
clock 22 July 2026 • 4 min read