Once we have the next set of draft legislation, we may be in a better position to see how hard it would be to put the genie back in the bottle.
Importantly, we are not expecting an election until late 2024/early 2025, so if you and your client decide they want to crystallise ahead of any potential Labour government, there would still be time to do it in 2024-25 before any new regime could come in to make big changes.
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Lisa Webster is senior technical consultant at AJ Bell
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