The Lifetime Allowance was replaced with three new allowances from 6th April 2024. Benefits taken under the LTA regime use up the new allowances. A Transitional Tax Free Amount Certificate allows a bespoke client deduction from the LSA and LSDBA instead of the standard transitional deduction.
There's still time to join the remaining sessions in M&G's Trusts School series. Build confidence in trust planning conversations with practical guidance, technical insights and CII-accredited structured CPD. The series runs until 16 July 2026.
Join Session 3 of our Trusts School series to explore key trust types, when to use them, and the pitfalls advisers need to watch for.
Insights from our latest Adviser Pulse Survey show how firms are navigating higher volatility through resilient portfolios, broader diversification, and greater focus on tax and estate planning advice.
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