Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when she plans to publish guidance for the Transitional Tax Free Allowance Certificate.

Legislation concerning the abolition of the Lifetime Allowance (LTA) was included in Finance Act 2024. The legislation introduced transitional arrangements including Transitional Tax-Free Amount Certificates (TTFACs). Guidance was published alongside the legislation.

Further regulations to address some discrete technical areas were laid on 7^th and 9^th of October 2024, with effect from 18^th November (subject to parliamentary process). Once effective, they will apply retrospectively from 6^th April 2024 onwards.

Further information will be provided in HMRC’s November newsletter and HMRC’s existing guidance will be updated in due course.