LTA abolition brings advisers 'tax year-end with a twist'

Lifetime allowance will be removed from 6 April

clock • 7 min read

Les Cameron shares some technical insight on the upcoming tax year-end as the lifetime allowance comes to an end...

January sees us enter the busy tax year-end period and the usual rush to get everything done by 5 April when the new tax year dawns. But this is a tax year-end with a twist as the Autumn Statement and Autumn Finance Bill provided us with the near-final rules for the abolition of the lifetime allowance (LTA). There are a few things to note. Firstly, the new system produces broadly the same benefits for most clients albeit using different language to describe them. Secondly, the changes don't impact everyone so those not previously affected by the LTA are unlikely to be affected by t...

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 launches consultation on adapting to a 'changing pensions market'

FCA launches consultation on adapting to a 'changing pensions market'

Outlines regime for digital pension planning tool

Holly Roach
clock 11 December 2025 • 3 min read
Lack of focus delaying pension transfers, Origo CEO warns

Lack of focus delaying pension transfers, Origo CEO warns

Advisers share months-long delays as PensionBee’s petition calls for ten-day transfer guarantee

Sahar Nazir
clock 11 December 2025 • 6 min read
Pension IHT: A minor win for executors, a missed opportunity for HMRC

Pension IHT: A minor win for executors, a missed opportunity for HMRC

'It's a great pity HMRC couldn't have been a bit braver and taken the sensible approach'

Rachel Vahey
clock 09 December 2025 • 3 min read