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

Britain's pension ambition is rising - just as cash resilience slips

Britain's pension ambition is rising - just as cash resilience slips

'2026's 'pension resolution' wave is real. But so is the cash-cushion squeeze'

Phillip Wickenden
clock 02 February 2026 • 6 min read
Government again rejects Waspi compensation after review

Government again rejects Waspi compensation after review

DWP: Creation of compensation scheme would be ‘highly impractical’ and ‘time-consuming’

Martin Richmond
clock 29 January 2026 • 3 min read
Pension transfers and the FCA: A well-meaning intervention that risks falling short

Pension transfers and the FCA: A well-meaning intervention that risks falling short

'The secret is giving people the right information at the right time'

Rachel Vahey
clock 28 January 2026 • 4 min read