Could LTA abolition and election uncertainty lead to QROPS resurgence?

Rachel De Souza highlights the rules of this little-known pension plan

clock • 3 min read
Rachel De Souza is a tax partner at RSM UK
Image:

Rachel De Souza is a tax partner at RSM UK

The lifetime allowance (LTA) was effectively abolished from April 2023.

Previously, those who had pensions savings in excess of £1,073,100 would be charged a penal rate when accessing the excess, or in other circumstances where the LTA was tested, such as reaching the ...

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