What is the Lifetime Allowance?

Every individual has a set level of benefits they can draw from pension schemes in their lifetime without triggering certain tax charges. This measure is referred to as the Lifetime Allowance. It is £1.8 million and is due to fall to £1.5 million on 6 April 2012.

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.

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