HMRC advises some people to delay taking benefits until it fixes LTA abolition rules

Call for some delays come just days before the implementation of the LTA’s abolition

Jonathan Stapleton
clock • 1 min read
Andrew Tully: The situation is a bit of a shambles
Image:

Andrew Tully: The situation is a bit of a shambles

HM Revenue & Customs has advised some members to delay taking benefits or transferring pensions until it can fix incorrect legislation around the abolition of the lifetime allowance (LTA).

In a newsletter released last night (4 April),  HMRC suggested there were a number of cases where "schemes should advise members to request a delay to the payment/defer their request to transfer". ...

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

No final regime for surplus flexibilities until 2027 but minister says schemes can begin work now

No final regime for surplus flexibilities until 2027 but minister says schemes can begin work now

Torsten Bell talks about the government’s package of pension reform

Jonathan Stapleton
clock 05 June 2025 • 3 min read
DWP to legislate over issues arising from Virgin Media judgment

DWP to legislate over issues arising from Virgin Media judgment

Government confirms retrospective actuarial confirmation of benefit changes

Jonathan Stapleton
clock 05 June 2025 • 4 min read
Govt publishes roadmap for workplace pensions; second phase of Pensions Review to launch shortly

Govt publishes roadmap for workplace pensions; second phase of Pensions Review to launch shortly

Torsten Bell spells out ‘shared direction’ of reform and pledges to ‘complete the job’ started by Turner

Jonathan Stapleton
clock 05 June 2025 • 2 min read
Trustpilot