Quilter’s Roddy Munro explains how the abolition of the LTA has the potential to be a massive tax hit for retirees Cut Through the Noise

Jeremy Hunt appeared to do everyone a favour by signalling his intent to abolish the lifetime allowance. However, the real impact is hidden in the detail and represents a potential massive tax trap for some pensions savers. The real changes are so profound some of the old certainties of pension planning no longer apply. Roddy Munro, pensions and tax specialist at Quilter, explains how to avoid yourself and your clients falling into the Chancellor’s trap.