CLOSING: LTA ABOLISHED - NOT QUITE YET!
In his Spring Budget, chancellor Jeremy Hunt announced changes to pensions, including scrapping the lifetime allowance (LTA) from April 2024, in a bid to “boost economic growth”. The policy is aimed at encouraging the over 50s who retired early during the Covid pandemic to return to work. It also aims to stop workers, particularly doctors, from reducing hours or retiring early due to tax charges.
In this presentation, Claire Trott will look in detail at the changes, and what they mean for pension planning at this uncertain time.
- Where are we now?
- What are the options for clients who were previously restricted?
- Should you or shouldn’t you act now?