Why advisers must act now ahead of 6 April LTA abolition

The biggest change to pensions tax legislation since A-Day is almost upon us. This April marks the end of the lifetime allowance (LTA) era. The impact of the new regime on the entire value chain from manufacturer to adviser through to individual clients will be hugely significant and potentially detrimental for some if action is not taken now. One way of best preparing for the changes is to gather as much information as possible about the tax-free lump sums - pension commencement lump sum (PCLS) and tax-free element of uncrystallised funds pension lump sum (UFPLS) payments - that clie...