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Lifetime Allowance

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Lifetime allowance excess options to consider

As the lifetime allowance (LTA) has reduced more people have to decide the options they have concerning any pension fund excess they may have.
Analysis

Payments of the Lifetime Allowance tax charge – process chart

This flowchart illustrates the process and liability of any lifetime allowance excess payment and who pays the tax.
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The lifetime allowance excess charge

The LTA is the maximum amount an individual can accrue in their registered pension schemes. If these limits are exceeded there will be an LTA excess charge applied to benefits over this permitted maximum.
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Transfer into a UK registered pension from an overseas pension scheme

A simple guide to the acceptance of an overseas transfer into a UK registered scheme with the general process required and potential for gaining an enhancement to the lifetime allowance.
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Fixed and Individual Protection 2016

With the lifetime allowance reducing from £1.25 million to £1 million on 6 April 2016, what new protections will be available for members of a pension scheme to help protect the savings that they have already built up?
Pen and calendar

Lifetime Allowance calculations applicable after 5 April 2016

Table detailing the various lifetime allowance protections.
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Lifetime Allowance calculations for different forms of protection

A summary of the Lifetime Allowance calculations which should be used for different forms of protection.
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Tax-free cash and the lifetime allowance rules

With the introduction of Fixed Protection 2012, Fixed Protection 2014 and Individual Protection in addition to the existing Enhanced Protection and Primary Protection, this article is designed to summarise the calculations for each circumstance.

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