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

FCA non-advised pension transfer plans branded 'anti-consumer'

FCA non-advised pension transfer plans branded 'anti-consumer'

AJ Bell blasts FCA’s plans as ‘worst kind of regulatory intervention’

Jenna Brown
clock 23 February 2026 • 3 min read
Advisers search for more than 100,000 pension transfers via Origo

Advisers search for more than 100,000 pension transfers via Origo

In first year

Isabel Baxter
clock 23 February 2026 • 1 min read
Pension consolidation deserves more respect than it gets

Pension consolidation deserves more respect than it gets

'For me, pension consolidation is a perfect illustration of why financial planning matters'

Andy Zanelli
clock 19 February 2026 • 5 min read