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The announcement that the UK Lifetime Allowance (LTA) would be abolished immediately undoubtedly received a positive response from pension savers, financial advisers and those who had previously expected to attract heavy tax obligations of their retirement wealth.
However, lifetime allowance specialist Malcolm McDowell advises that caution may be necessary, with a range of caveats and possible considerations that mean the time to react is short.
Read the full article as published in Barchart.com.