What happens to existing LTA protection after April 2024?

Existing protections (Enhanced, Primary, Fixed Protection 2012/14/16, Individual Protection 2014/16) are not abolished. They continue to affect the Lump Sum Allowance and Lump Sum Death Benefit Allowance, potentially increasing the protected amounts above the standard limits.

How does Enhanced Protection affect the LSA?

Enhanced Protection holders: the Lump Sum Allowance is 25% of the protected benefit or uncrystallised fund value, up to the full fund value. This can significantly exceed the standard £268,275 LSA for those with large pension pots.

Should I apply for Fixed Protection 2016?

Fixed Protection 2016 can still be applied for from HMRC (no deadline). It sets your LSA to £375,000 and LSDBA to £1,500,000. Beneficial if you have or expect a large pension. New contributions after April 2016 breach FP2016.

UK Pension Transitional Protection Calculator (Post LTA Abolition)

Calculate pension transitional protections after LTA abolition (April 2024). Enhanced Protection (EP), Primary Protection (PP), Fixed Protection variants (FP2012, FP2014, FP2016, IP2014, IP2016) and their interaction with the new Lump Sum Allowance.

Principal ($)

Annual Rate (%)

Years

Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate pension transitional protections after LTA abolition (April 2024). Enhanced Protection (EP), Primary Protection (PP), Fixed Protection variants (FP2012, FP2014, FP2016, IP2014, IP2016) and their interaction with the new Lump Sum Allowance. Use the uk pension transitional protection result to inform your calculation.

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