LTA

Autumn Statement documents confirm LTA abolition on track

Reinstatement would increase both complexity and costs

This comes as the government encourages saving

Chancellor felt ‘forced’ to act as number of people caught increased

Advisers ‘still do not have their head round how complex LTA is’

Replacing a bedrock of pension legislation with a new regime

A wealth tax by any other name would smell as sweet

Extensive changes need to be in place by April 2024

The majority of HNW individuals plan to take advantage of the tax change

Chancellor Jeremy Hunt confirmed the abolishment of the LTA in March