Be careful what you wish for: LTA abolition concerns

'What are we to do, given the uncertain future?'

clock • 4 min read

Is the abolition of the LTA the boon of our aspirations? Carl Lamb is concerned…

Back in December, in this column, I said "My belief is that the lifetime allowance (LTA) causes more problems than it can possibly resolve - and we really don't need it." I'm not claiming to have influenced the chancellor's Budget decisions with that statement, but the fact is that the LTA is on its way out.  Thank goodness? Well, yes - but I have to admit to a number of qualms. The Treasury's motivation was clearly to retain high-flyers in the workforce, especially in the NHS. The abolition of the LTA will certainly help with that, but I have a nagging sense of unease about the gover...

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 Pensions

Standard Life launches 'affordable' pensions-focused advice arm

Standard Life launches 'affordable' pensions-focused advice arm

For existing Standard Life customers approaching retirement

Jenna Brown
clock 06 October 2025 • 2 min read
Clients need 'tailored approach' ahead of IHT on pensions

Clients need 'tailored approach' ahead of IHT on pensions

IHT ‘coming up more and more’ in conversations with clients

Sahar Nazir
clock 03 October 2025 • 2 min read
Nest partners with Wallace & Gromit creators on pensions awareness campaign

Nest partners with Wallace & Gromit creators on pensions awareness campaign

Campaign aims to encourage savers to take an active interest in their retirement savings

Martin Richmond
clock 02 October 2025 • 2 min read