Pension protection elections

As of 6 April 2012 the lifetime allowance (LTA), i.e. the amount that individuals can accumulate in tax efficient pension funds, is being reduced from £1.8m to £1.5m. 

Those individuals affected by this change can elect to fix their LTA at £1.8m provided they do so by 5 April 2012 and provided they comply with certain rules thereafter. 

Contact us

To find out more about how we can help you with pension protection elections contact one of our advisers in your preferred office.