LTA removal prompting IHT planning?
Life without the Lifetime Allowance: Nearly a fifth of over 55s plan to pass their Tax-Free Cash to loved ones to avoid IHT. Following the removal of the lifetime allowance (LTA) earlier this year, new research1 from Standard Life, part of Phoenix Group, reveals almost a fifth (18%) of over 55s do not plan to access their tax-free pension cash, so that they can pass on more wealth to loved ones without incurring inheritance tax (IHT) charges.
Is this the professional's experience? Or are other things going on following the removal of the LTA that are worth noting.
Any behavioural changes?