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...

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