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This tax information and impact note is about abolishing the Lifetime Allowance (LTA).
How to apply for and check protections from the reductions in lifetime allowance.
This measure delivers the changes necessary to abolish the pensions lifetime allowance from the tax year 2024 to 2025 onwards, as announced at Spring Budget 2023.
Check what you need to do when taking lump sums so you know what's tax-free.
Tax you pay and tax relief you get on contributions to your private pension - annual allowance, lifetime allowance, apply for individual protection
Lifetime allowance newsletter published by HMRC in December 2023 to update stakeholders on the latest news for pension schemes.
If you have pension lifetime allowance protection or have had a benefit crystallisation event, check if the public service pensions remedy (known as McCloud) has affected these.
How to discharge your liability to a lifetime allowance charge, including new charges following the public service pensions remedy (McCloud).
Lifetime allowance (LTA) newsletter published by HMRC in March 2024 to update stakeholders on the latest news for pension schemes.
Find out about lifetime allowance charges following the public service pensions remedy (known as McCloud), including how to request a refund and report new charges.
This measure ensures that no-one will face a Lifetime Allowance charge from April 2023. It increases the Annual Allowance, Money Purchase Annual Allowance, Tapered Annual Allowance, and the adjusted income for the Tapered Annual Allowance.
What you need to do if your member has protected their allowances and this entitles them to both a higher lump sum allowance and lump sum death benefit allowance.
If you lost your lifetime allowance protection as a result of the public service pension remedy (also known as McCloud), you may be able to reinstate it.
If you have a private pension, following the public service pensions remedy (known as McCloud), you may have to tell your pension provider of changes, or have new charges to pay.
Lifetime allowance newsletter published by HMRC in February 2024 to update stakeholders on the latest news for pension schemes.
Work out the value of your pension to apply for protection from the lifetime allowance reduction in 2016.
Private sector pension scheme administrators can pay, discharge or request a refund of a member’s lifetime allowance charge if it has changed following the public service pensions remedy (also known as McCloud).
How you can lose your protected allowances on pension savings, how to avoid this and how to tell HMRC if you lose protection.
You can take different tax-free lump sums from your pension pot depending on the type of protected allowances you hold.
Don’t include personal or financial information like your National Insurance number or credit card details.
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