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Customers take action over lifetime allowance reduction

Customers take action over lifetime allowance reduction

Calls from customers on changes to the lifetime tax allowance (LTA) increased fourfold in the second half of 2015, according to Fidelity International (FI), as consumers start to take action ahead of the April deadline.

With LTA set to fall from £1.25m to £1m ($1.45m, €1.3m) next April; data from FI shows that customer calls grew steadily during October, with the volume of calls at the end of the year four times higher than at the start of 2015. Please link to International Adviser to read the full article by Kirsten Hastings.

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