»Ê¹ÚÌåÓýapp

As of 6 April 2024 there is no longer lifetime allowance. If you are looking for information about protections, enhancement factors and the lifetime allowance charge please see these pages on . If you are looking for information about the principles of lifetime allowance and benefit crystallisation events please see these pages of .

Section 227 Finance Act 2004

»Ê¹ÚÌåÓýappre is no limit on the amount of pension saving an individual can build up in a registered pension scheme nor is there an absolute limit on the amount of benefits such a scheme can provide. 

However, the following key control limits tax relief on pension savings.

»Ê¹ÚÌåÓýapp annual allowance

»Ê¹ÚÌåÓýapp annual allowance effectively limits the amount of tax relief on an individual’s pension savings in a tax year. If the increase in tax relieved pension savings exceeds the annual allowance for a tax year, an annual allowance charge will arise in respect of the excess amount (see PTM050000).