Transitional arrangements explained | Bitesize Technical

The lifetime allowance was replaced with new allowances on 6 April 2024. Watch as Senior Technical Consultant, Lisa Webster, walks you through the new regime and transitional arrangements.

Watch this Bitesize Technical to learn more about:
• the new lump sum allowance and lump sum and death benefit allowance;
• how the lifetime allowance usage impacts the two new allowances;
• if benefits that were crystallised under the old rules are tested again when a client passes; and
• when the standard transitional calculation is applied.

To read more on the topic, head on over to our website to view the full article: https://www.investcentre.co.uk/articl...

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For financial professionals only.
The information contained in our technical material is based on our understanding of current law, practice and taxation which may be subject to change.