lifetime allowance

James Carter says the work to remove the LTA from April 2024 shows why stability is needed

Only a quarter of employers intend to assist members with their decision making

Research finds while most IFAs support measure, planning for it long term is risky

Consultancy says broader focus on solving pension inequalities is more important

Members who hold valid enhanced or fixed protections will be able to accrue new benefits

‘Some rowing back’ may happen as framework is taken apart

Pension allowance reform praised by industry but cost and impact of measures questioned

LTA abolished, AA rises to £60,000 and both MPAA and MTAA increased to £10,000

Some fear the government could alter inheritance tax rules or hike the minimum pensions age to 60

Reports say LTA could increase from £1m to £1.8m and the AA from £40,000 to £60,000