We were all expecting an increase in the Lifetime Allowance (LTA) in the spring budget to 2023, so to say the announcement that it was to be abolished and nobody would face LTA charges in 2023/24 was something of a surprise.
Facilitating adviser fees through a client’s pension can deliver valuable tax efficiencies, but the rules are complex and getting them wrong can have significant consequences. Fidelity Adviser Solutions’ practical guide explains the key considerations, authorised payment rules and common pitfalls, helping advisers ensure fee facilitation is both compliant and in their clients’ best interests. Download now
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