Later change? (5)
I believe the answer is:
alter
'later change?' is the definition.
'alter' can be an answer for 'change?' ('alter' can be a synonym of 'change'). I am not sure about the 'later' bit.
'later change?' is the wordplay.
'change?' indicates anagramming the letters (I've seen 'change' mean this).
'later' is an anagram of 'ALTER'.
Can you help me to learn more?
(Other definitions for alter that I've seen before include "Adapt" , "Bout of extravagant spending" , "Make changes to" , "Metamorphose" , "Become different" .)