Finance Bill LTA provisions leading to 'patch and mend job' ahead of new tax year

Finance Bill is set to receive Royal Assent today but LTA provisions remains a concern

Jonathan Stapleton
clock • 2 min read
David Everett: Pension administrators have had next to no time to adjust their systems, processes and member communications
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David Everett: Pension administrators have had next to no time to adjust their systems, processes and member communications

Finance Bill lifetime allowance (LTA) provisions are a “rushed job” that will lead to “challenging” timescales for administrators and a “patch and mend job” through regulations ahead of the new tax year, industry figures say.

This year's first Finance Bill, containing the abolition of the LTA and its replacement by two new lump sum allowances, is to receive Royal Assent today, having completed all its parliamentary stag...

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