Applying for Pension Fund protection

As previously announced by HMRC, it is now possible to apply on-line for pension fund protection (Fixed Protection 2016, Individual Protection 2014 and 2016).

Please click link below;

https://www.gov.uk/guidance/pension-schemes-protect-your-lifetime-allowance

The client will need an account for HM Revenue and Customs (HMRC) online services (if they don’t have an account they can create one).

And of course, the Individual Protection calculator can assist to determine whether an individual will qualify for IP14 or IP16.