LTA: Should clients crystallise all pensions before April 2024?

April 6 sees biggest changes to the pension tax rules in a decade

clock • 3 min read

Andrew Tully looks at the upcoming removal of the LTA which, he says, is leaving financial advisers as well as clients in a difficult position…

We're moving quickly towards 6 April and the introduction of the biggest changes to the pension tax rules in a decade. But we still don't have final legislation and, even when we do, some uncertainty is likely to remain. The government has inserted a very unusual clause in the Finance Bill allowing them to change this primary legislation via secondary legislation any time until 2026 so it feels it isn't entirely confident about things either. Add in the fact the Labour party has said its intention is to reverse the abolition of the lifetime allowance (LTA) should it come into power an...

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

Pension Lab processes more than one million digital LoAs

Pension Lab processes more than one million digital LoAs

Challenge around ‘standards for consistency’

Sophia Panayi
clock 06 November 2026 • 1 min read
DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

Consultation covers how default pensions should work in practice

Holly Roach
clock 03 November 2026 • 6 min read
Do clients already own the best retirement portfolio?

Do clients already own the best retirement portfolio?

'Feeling safer and being safer aren't the same thing'

Alex Funk
clock 29 October 2026 • 4 min read