Legal Review: LTA abolition… an administrative headache?

Jill Clucas looks at how calculating new LTA rules could pose a new challenge for schemes ahead of ‘L-Day’

clock • 4 min read
Hogan Lovells counsel knowledge lawyer Jill Clucas
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Hogan Lovells counsel knowledge lawyer Jill Clucas

The abolition of the lifetime allowance (LTA), to have effect from 6 April this year (the so-called L-Day), raises a number of challenging practical issues for already busy administrators.

As is so often the case with pensions, it is the history which causes complexity. This article looks in particular at the position where an individual took some benefits from a registered pensio...

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