NEW decision tree launched to help clients determine whether they should apply for a Transitional Tax-Free Amount Certificate (TTFAC)
23 April 2024
For financial advisers - compiled by our team of experts, qualified in pensions, taxation, trusts and wealth transfer.
23 April 2024
We have developed a new decision tree to help advisers understand when applying for TTFAC could give clients an improved Lump Sum Allowance (LSA) and Lump Sum and Death Benefit Allowance (LSDBA).
It is important to remember that once a TTFAC is in place, a client cannot choose to go back to the standard calculation method of 25% of their LTA usage. Not all clients will be better off opting for a TTFAC - in fact, some could be worse off.