Pensions tax: fixed protection 2012 | Practical Law

Pensions tax: fixed protection 2012 | Practical Law

This practice note considers the transitional relief that was made available for individuals when the lifetime allowance for pension saving was reduced from £1.8 million to £1.5 million in 2012. It addresses the requirements that had to be satisfied in order to claim fixed protection 2012 and explains how the protection operates following the abolition of the lifetime allowance.

Pensions tax: fixed protection 2012

Practical Law UK Practice Note 0-524-8086 (Approx. 18 pages)

Pensions tax: fixed protection 2012

MaintainedUnited Kingdom
This practice note considers the transitional relief that was made available for individuals when the lifetime allowance for pension saving was reduced from £1.8 million to £1.5 million in 2012. It addresses the requirements that had to be satisfied in order to claim fixed protection 2012 and explains how the protection operates following the abolition of the lifetime allowance.