Leading industry pensions expert Andrew Tully, technical director at Canada Life, has castigated Labour’s plan to reverse the scrapping of the Lifetime Allowance (LTA).

Pensions tax free cash will be capped at £268,275 despite the scrapping of the pensions Lifetime Allowance (LTA).

I seem to spend a lot of my time discussing the lifetime allowance, so when it was announced in Budget 2021 that it would be frozen with immediate effect for the next five tax years I knew this would only increase these conversations.

Leading pensions experts have criticised the Chancellor’s move to freeze the pensions Lifetime Allowance (LTA) at £1,073,100 until April 2026.