IHT cut 'would rock the financial advice sector' amid busy LTA period

Head of savings policy Alastair Black has today (21 February) said advisers are already facing heavy workloads as the end of the tax year approaches. "The sudden pressure to unwind existing planning would strain advisers' capacity at a time when they are already very busy helping clients navigate the lifetime allowance (LTA) abolition," he stated. Black said Abrdn believed abolishment was "unlikely", stating the chancellor's focus should instead be on simplifying tax.  "This will make it easier for people to understand IHT and to ultimately plan more effectively - helping reduce th...