LTA abolition: What do schemes need to know?

Communication, member protections and transfers just some of the aspects to prioritise

Jasmine Urquhart
clock • 6 min read
Chancellor Jeremy Hunt announced the abolition of the LTA in last year's Spring Budget. Not it has come into force, what are the next steps schemes should take? Credit: UK Parliament
Image:

Chancellor Jeremy Hunt announced the abolition of the LTA in last year's Spring Budget. Not it has come into force, what are the next steps schemes should take? Credit: UK Parliament

Jasmine Urquhart asks the industry where to start now the LTA has been abolished, and the most important things to focus on.

The abolition of the lifetime allowance (LTA) finally came into force last week (6 April) after a year of preparation, anticipation and work from schemes. Last week's change followed numerous pi...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Law and Regulation

The full list of pensions ministers since 1998

The full list of pensions ministers since 1998

The full list of the ministers who have been responsible for pensions

PP Staff
clock 23 July 2026 • 1 min read
Transfer changes 'a start, not the finish line', industry says

Transfer changes 'a start, not the finish line', industry says

Clear and practical guidance ‘essential’ to apply the new framework consistently and with confidence

Jonathan Stapleton
clock 22 July 2026 • 4 min read
SPP urges HMRC to amend draft GMP conversion rules

SPP urges HMRC to amend draft GMP conversion rules

Trade body says changes are needed to protect savers from unintended tax charges

Jonathan Stapleton
clock 21 July 2026 • 1 min read
Trustpilot