'Devil in the detail' - What lawyers say about 'complex' LTA abolition

‘Some rowing back’ may happen as framework is taken apart

Jonathan Stapleton
clock • 4 min read
Rosalind Connor says there may be some rowing back in the future
Image:

Rosalind Connor says there may be some rowing back in the future

The abolition of the lifetime allowance (LTA) could ‘remove a burden’ for HM Revenue & Customs (HMRC), will have ‘knock-on’ consequences and may see some “rowing back” as the structure is dismantled, pension lawyers say.

Arc Pensions Law managing partner Rosalind Connor explained that while the chancellor announced the abolition of the LTA in his budget, in practice he was getting rid of any LTA charges - the tax f...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

TPO orders trustees to repay more than £5m to members of three schemes

TPO orders trustees to repay more than £5m to members of three schemes

Investigation finds scheme trustees had engaged in pension liberation arrangement

Martin Richmond
clock 29 November 2024 • 2 min read
SPP: Build it and they will come? Considering the case for multi-employer CDC

SPP: Build it and they will come? Considering the case for multi-employer CDC

John Wilson asks if sponsoring employers are ready to make the move to CDC

John Wilson
clock 26 November 2024 • 3 min read
Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Budget IHT move a 'major adverse change' to the tax treatment of UK schemes

Fieldfisher calls for clarification over scope of death benefits subject to new regime

Jonathan Stapleton
clock 31 October 2024 • 2 min read
Trustpilot