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Patricia Corrigan
PR Manager

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Autumn Statement commentary on lifetime allowance update from Clare Moffat

Published  22 November 2023
   1 min read

Clare Moffat, Pensions and Tax Expert, Royal London:

"We now have the confirmation that removal of the lifetime allowance (LTA) will be going ahead in April 2024.

"We know the devil will be in the detail which we are expecting in the Finance Bill coming soon, and we hope to get clarification in how this will be implemented. Until we get this clarity making decisions and advising on LTA will remain challenging for advisers."

For further information please contact:

Patricia Corrigan, PR Manager   

About Royal London

Royal London is the largest mutual life, pensions and investment company in the UK, and in the top 25 mutuals globally, with assets under management of £162 billion, 8.6 million policies in force and over 4,200 employees. Figures quoted are as at 31 December 2023. Learn more at royallondon.com.

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