LTA removal spurring more contributions and retirement delays

Chancellor Jeremy Hunt confirmed the abolishment of the LTA in March

Sahar Nazir
clock • 2 min read
LTA removal spurring more contributions and retirement delays

The removal of the lifetime allowance (LTA) in this year’s Spring Budget has led to more than half (51%) of people restarting, increasing, or planning to increase pension payments, according to Investec Wealth & Investment.

The new study with higher rate taxpayers from the wealth manager showed that scrapping the LTA has driven changes with 59% taking a range of actions as a result. Chancellor Jeremy Hunt confirmed...

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