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

FCA data reveals 'notable advice gap' in drawdown

FCA data reveals 'notable advice gap' in drawdown

Almost half of pots entering drawdown now do so without regulated advice

Sophia Panayi
clock 24 September 2026 • 2 min read
Action 'needed now' on salary sacrifice to minimise disruption

Action 'needed now' on salary sacrifice to minimise disruption

LCP says early preparation will help employers navigate the transition

Jonathan Stapleton
clock 24 September 2026 • 2 min read
Self-employed face retirement saving 'obstacle course'

Self-employed face retirement saving 'obstacle course'

‘Structural gap’ in participation between employees and self-employed

Martin Richmond
clock 22 September 2026 • 4 min read