A step-by-step approach to establishing the client’s individual lifetime allowance (LTA)
In the Spring Budget 2023, an announcement was made that the lifetime allowance (LTA) would be 'abolished'. Following temporary arrangements for 2023/24, the ‘replacement’ of the LTA is planned from 6 April 2024. Draft legislation has now been issued and, while this is subject to amendment, it contains some surprises – not least to the treatment of pension death benefits.
Download nowAlthough the removal of the LTA tax charge is good news for pension savers, there are aspects of the lifetime allowance system that need further examination.
Watch video Download summaryHere we highlight relevant considerations when assessing an individual’s pension savings and the impact of the LTA, through 4 steps:
A useful reference aid that includes all the detail around:
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With the Autumn Statement and the Spring Budget, many tax allowances have either been cut or frozen while the Lifetime Allowance charge has been abolished. Here we provide a number of ideas to ensure your clients are making the most of their savings and investments.
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Here we delve into the pension lifetime allowance including; protection, benefit crystallisation and access to useful training videos.
Pensions and divorce, death benefits, allowances and much more.
46 short retirement videos, totalling over five hours of learning.
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