Image:
HMRC says administrators will need to continue to operate LTA checks
HM Revenue & Customs (HMRC) has published guidance following the Spring Budget on Wednesday – telling administrators they should continue to administer lifetime allowance (LTA) checks but confirming those with protections would now be able to accrue further benefits.
In its pensions schemes newsletter number 148 for March 2023, published yesterday (16 March), HMRC confirmed the chancellor's Budget announcement that the lifetime allowance charge would be removed...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- 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
