Fixed protection

Transitional relief available to a member of a registered pension scheme ( who was adversely affected by the reduction in the lifetime allowance ( on 6 April 2012 because he expects the value of his pension savings to exceed £1.5 million when he retires. A member who has claimed fixed protection will not incur a lifetime allowance charge ( on any of his benefits up to £1.8 million, although he cannot make any further pension contributions or accrue any further benefits beyond a specified level. To be eligible, the member must not already have claimed primary protection ( or enhanced protection ( The member must have given notice to HMRC ( of his intention to rely on fixed protection before 6 April 2012. See also fixed protection 2014 (

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