Archive: October, 2013

Fixed Protection 2014: IMPORTANT, Action may be Required by 5/4/2014

Posted on Wednesday, 2nd October 2013 in HMRC, SIPP, SSAS by Mark Andrews

With effect from 6/4/2014 the Lifetime Allowance (the amount you are allowed to accumulate tax-free in UK pension schemes) is being reduced from £1.5m to £1.25m. To protect those with pension funds that exceed – or are likely to exceed – £1.25m, another form of protection has been introduced, called Fixed Protection 2014, which preserves […]