Legal News

HMRC updates Pensions Tax Manual to account for abolition of LTA

Published on: 28 March 2024
Published by LNB News

LNB News 28/03/2024

Document Information

Issue Date: 28 March 2024

Published Date: 28 March 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

HM Revenue & Customs have updated the Pensions Tax Manual on 27 March 2024 and 28 March 2024. It is to take account of the abolition of the lifetime allowance (LTA) from 6 April 2024 and the related provisions in the Finance Act 2024. The changes to information include, but are not limited to, member benefits, transfers, protection from LTA charges and annual allowances.

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