3 new key pension allowances
3 NEW KEY PENSION ALLOWANCES
From 6 April 2024 the lifetime allowance (LTA) rules are set to be completely abolished and replaced by three new allowances. The lump sum allowance, the lump sum and death benefit allowance, and the overseas transfer allowance.
Download this essential guide, which is not personal advice, to discover:
- How the new allowances could impact you.
- The value of the new allowances and what type of pension withdrawals will use them up.
- What happens if your pension has already been measured against the LTA.
- How your beneficiaries could be impacted by the new allowances.
- What you can do to get a higher allowance.
- How to get expert help.
Download guide
Please correct the following errors before you continue:
This guide isn’t personal advice. If you’re not sure what’s right for you, please ask for advice. Pension and tax rules can change, and benefits depend on your circumstances. Money in a pension is usually accessible from age 55 (rising to 57 in 2028).
Could you be impacted?
From 6 April 2024 the lifetime allowance (LTA) rules are set to be completely abolished and replaced by three new allowances. The lump sum allowance, the lump sum and death benefit allowance, and the overseas transfer allowance.
Download this essential guide to discover:
- How the new allowances could impact you.
- The value of the new allowances and what type of pension withdrawals will use them up.
- What happens if your pension has already been measured against the LTA.
- How your beneficiaries could be impacted by the new allowances.
- What you can do to get a higher allowance.
- How to get expert help.
This guide isn’t personal advice. If you’re not sure what’s right for you, please ask for advice. Pension and tax rules can change, and benefits depend on your circumstances. Money in a pension is usually accessible from age 55 (rising to 57 in 2028).