Factsheet - The Lifetime Allowance
HM Revenue and Customs impose two controls on the amount of pension savings you can make without having to pay extra tax. These controls are known as the Annual Allowance and Lifetime Allowance. This is in addition to any income tax you pay on your pension once
it is in payment.
This factsheet looks at the Lifetime Allowance (LTA) which is the total value of all pension benefits you can have without triggering an excess benefits tax charge.
Download the Lifetime Allowance Factsheet (April 2019, PDF, 4 pages, 63kb)