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
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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". ...

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