Lifetime Allowance: our new guide on what's changing

For financial professionals only
At Parmenion, we’re working to ensure everything is up-to-date and in line with the latest legislation to support you with the transition.

From 6th April 2024, all Lifetime Allowance information will be updated in our systems and communications to make the change clear and simple for you and your clients.

Take a look at our guide to see:

  1. The updates we're making to the platform
  2. Key documents that are changing
  3. How to get a transitional tax-free certificate
  4. The impact on crystallisation after 6th April
  5. Useful reading and watching

Download your copy of the guide here

We’ll keep key information in our infrastructure for an audit trail of the change and to help if any future calculations are needed.

Thanks to our teams who are working hard behind the scenes to make these changes happen. While we've been able to make most of these changes, we're still waiting for some important details from HMRC. 

As soon as we have more information, we'll make the appropriate updates to our processes and let you know what what's changed.

This article is for financial professionals only. Any information contained within is of a general nature and should not be construed as a form of personal recommendation or financial advice. Nor is the information to be considered an offer or solicitation to deal in any financial instrument or to engage in any investment service or activity. Parmenion accepts no duty of care or liability for loss arising from any person acting, or refraining from acting, as a result of any information contained within this article. All investment carries risk. The value of investments, and the income from them, can go down as well as up and investors may get back less than they put in. Past performance is not a reliable indicator of future returns.  

Speak to us and find out how we can help your business thrive.