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Lifetime Allowance Abolished! But what about your 25% Tax-Free Cash PCLS? The removal of Lifetime Allowance in the UK may benefit you. Technically, the LTA rate for 2023/24 has been reduced to 0%, before LTA will be abolished completed from 2024/25 tax year. It's still crucial to make informed decisions about your 25% Tax-Free PCLS which is short for your Pension Commencement Lumpsum. Book Your Free Discovery Meeting via Calendly 📅 https://calendly.com/dominic-james-mu... Or Chat via WhatsApp with Dominic James Murray 💬 https://wa.me/447870817830 With LTA being scrapped, you may be able to take advantage of completing a transfer depending on your UK pension situation and country of residency. You can talk to us for free in a Discovery Call about SIPPs, International SIPPs or QROPS. Key points of the video: UK Budget 2023 Changes 📅 Lifetime Allowance Abolished 2023 🚫 Detailed Allowance Abolition Video 🎥 Tax-Free Cash Affected 💰 Political Implications for Conservatives 🐘 Pension Pots Over £1.73M 💷 Fixed 25% Tax-Free Sum 🔒 Exceeds? Pay Marginal Tax Rate ⬆️ £2M Pension Pot Explained 🧮 Labour's Potential Allowance Reintroduction 🌹 Lifetime Allowance vs. PCLS ❗ Changes Since April 2020 🔁 Early Cash-Out Concerns ⏳ FCA's Preventive Measures 🛑 Video Timestamps: 00:01 - UK Budget 2023: Lifetime Allowance Abolished 00:26 - Abolition Motives: Conservative Party Link 00:56 - Tax-Free Cash & 25% Lump Sum 01:25 - Labour's Potential Lifetime Allowance Reintroduction 01:57 - Distinguishing Lifetime Allowance vs. 25% Sum 02:26 - April 2020 Changes Explained 02:55 - Early Cash-Outs & Related Video Disclaimer 🚨 All Defined Benefit Pension Transfer Enquiries Completed By Trusted Independent 3rd Party FCA Regulated Pension Transfer Specialist 🔒 The Information on this channel is provided for education and informational purposes only. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, tax advice, or any other advice. You Should not make any decision, financial, investments, tax, legal, or otherwise, based on any of the information presented on this channel without undertaking independent Due Diligence and Consultation with a Professional IFA or Financial Advisory. Contact Us For Further Details 🇬🇧 https://www.cjfinance.co.uk/contact-us/ Learn More About “Lifetime Allowance” • SIPP Investment: Will QROPS Providers... Thanks for watching the video from our channel! Introduce yourself in the comment section and let us know where in the world you're listening from. Mention & share with your friends who are looking for these types of videos. Join the Cameron James Pension Transfer community now. Don't Forget To Subscribe & Press The Bell Icon to get the latest updates. ------------------------------------------------------------------------------------------- #LifetimeAllowance2023 #UKPensionChanges #TaxFreeCashUpdate #UKBudgetNews #PensionCommencement #25PercentTaxFree #PensionPot #FinancialPlanningUK #UKGovernmentDecision #RetirementPlanningUK #CameronJames #FinancialSecurity #FinalSalaryPensionTransfer #UKPensionTransfer #Money #Finance #Advice