RPSM03303010 - Scheme Administrator Pages: Protecting pension rights from tax charges: Benefit payments - enhanced protection: General

General

An individual is not liable to the lifetime allowance charge whilst they have enhanced protection. However at any benefit crystallisation event the scheme administrator must still obtain and give information just as if the individual did not have protection.

This section of the guidance outlines the steps a scheme administrator needs to take before and after a benefit crystallisation event.

Each benefit crystallisation event should be dealt with separately and an individual’s pension rights should be looked into again on each event. Information on the types of benefit crystallisation event can be found at RPSM11104000.

Detailed technical guidance on the lifetime allowance process can be found at RPSM11103000.