News

Individual Protection 2014 applications

Posted on by tfp in Pensions Pre Retirement

It is now possible to apply for Individual Protection 2014 (IP14).

Please click on link below;

http://www.hmrc.gov.uk/pensionschemes/ip14online.htm

 

An application has to be made on-line as HMRC will not accept printed applications.

Application must be submitted before 5th April 2017.

 

IP14 is available to those members who do not have Primary Protection & have pension savings in excess of £1.25m.

 

The value of a client’s pension savings is determined by the total of four individual amounts defined in legislation;

https://www.gov.uk/government/publications/pensions-individual-protection-2014