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

 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read
Pension freedoms exposed a longevity problem we still refuse to confront

Pension freedoms exposed a longevity problem we still refuse to confront

'The gap between product complexity and consumer understanding is not narrowing'

Julia Fintz
clock 11 March 2026 • 4 min read
Complex Hartley Pensions administration continues amid 'misappropriated funds' investigation

Complex Hartley Pensions administration continues amid 'misappropriated funds' investigation

Administration expected to conclude in 2027

Isabel Baxter
clock 10 March 2026 • 3 min read