Labour will not reintroduce the lifetime allowance after all – reports

FT report says Labour has dropped its plans to reintroduce LTA ahead of manifesto launch

Hope Coumbe
clock • 4 min read
Labour will not reintroduce the lifetime allowance after all – reports

Rumours are growing that the Labour Party will U-turn on its plan of reinstating the pensions lifetime allowance (LTA).

A report in the Financial Times over the weekend said Labour will look to reverse its plans to bring back the cap on tax-free pensions savings, as it had initially pledged to do. The LTA was scr...

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

Hope Coumbe
Author spotlight

Hope Coumbe

Editor at Professional Adviser

More on Legislation

UPDATED: Industry reacts to 'surprise' Pension Schemes Bill in King's Speech

UPDATED: Industry reacts to 'surprise' Pension Schemes Bill in King's Speech

Pensions Bill, decumulation solutions, superfunds and National Wealth Fund Bill welcomed by industry

Martin Richmond
clock 17 July 2024 • 10 min read
PLSA calls for Pensions Bill ahead of King's Speech

PLSA calls for Pensions Bill ahead of King's Speech

Organisation calls for AE implementation timeline and secondary legislation for lowering qualifying age

Jasmine Urquhart
clock 16 July 2024 • 1 min read
IFoA calls on King's Speech to 'set the tone' for long-term planning

IFoA calls on King's Speech to 'set the tone' for long-term planning

Institute calls on new government to set out ‘bold and ambitious’ changes to policymaking and legislation

Jasmine Urquhart
clock 12 July 2024 • 1 min read
Trustpilot