In the 2023 Spring Budget, the government announced the abolition of the Lifetime Allowance (LTA), signaling a fundamental shift in pension regulation. This change retires the LTA, LTA Excess Lump Sum, and AFT, while introducing the individual Lump Sum Allowance (LSA) and Lump Sum Death Benefits Allowance (LSDBA). Additionally, Benefit Crystallisation Events (BCE) have evolved into Relevant Benefit Crystallisation Events (RBCE), reflecting a more tailored approach to pension
