Pensions Lifetime Allowance

Pensions Lifetime Allowance

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RESSE

Original Poster:

5,709 posts

222 months

Wednesday 15th January 2014
quotequote all
LIFETIME ALLOWANCE

If someone has an existing pension fund of £1,000,000 and it is expected to rise over the next few years, what (if anything) can be done to protect the fund from a charge when the lifetime allowance drops to £1.25 million wef 06/04/2014?

Does "Fixed Protection" prevent the charge being applied should the fund be over the lifetime allowance?

Does anyone know if there are any proposed changes to the 25% tax free element (bit of a long shot this one)?



RESSE

Original Poster:

5,709 posts

222 months

Wednesday 15th January 2014
quotequote all
Thanks for the replies.

Most helpful smile