Hot Topic: Pensions tax – getting ready for LTA-Day – February 2024

The Finance Act 2024 paves the way for the LTA’s demise from 6 April 2024. But this brings with it a number of complications, the key one being where to draw the dividing line between tax-free lump sums and taxed lump sums. This Hot Topic summarises the key changes, but look out for more updates from us as things develop.

In this Hot Topic:

  • The main headlines
  • What about LTA protections?
  • PCELS – the new authorised payment in town
  • Transitioning to the new regime
  • Practical points

Read our hot topic here.