Your pension savings may already be protected

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When the Government introduced the lifetime allowance in 2006, and when it reduced in 2012 and 2014, it introduced protections for members with large pension pots. If you have applied for a previous protection such as Enhanced Protection, Primary Protection, Fixed Protection 2012 or 2014, or Individual Protection 2014, you should have received a certificate to confirm your protection.
 
Before 6 April 2023, you may still have been subject to a lifetime allowance charge if your pension exceeded your protected amount or if you lost your protection.
 
You can find more information these protections and when they may be lost here.