Will the Budget finally kill PTA?

The Treasury revealed it was withdrawing tax relief on PTA policies in the Pre-Budget report in December, but since then rumours have surfaced suggesting the Treasury may reach a middle-ground and allow PTA to continue with a reduced sum assured for consumers who self-certify they have a pension provision. But Mark Twigg, account director at Cicero Consulting, says no decision has yet been made on whether the Treasury will scrap PTA, maintain it as it is, or preserve it in a different format with a reduced sum assured and a link to pensions. “Uncertainty remains over whether the Treasury...