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Document What are the Protection Certificates that relate to Lifetime Allowance (LTA)?

Since the introduction of the Lifetime Allowance (LTA) on 6 April 2006, HM Revenue & Customs has offered a number of Lifetime Allowance protections although many are no longer open to new applications.
 
The following Lifetime Allowance protections are currently available and relate to the reduction in the Lifetime Allowance from £1.25million to £1million on 6 April 2016:
  • Fixed Protection 2016  
     
  • Individual Protection 2016
The following protections are no longer offered:
 
Primary Protection and Enhanced Protection – these ‘transitional protections’ were offered by HMRC when the Lifetime Allowance was first introduced on 5 April 2006. They were available to members whose total pension benefits on 5 April 2006 were within HMRC's previous tax limits but may exceed the new Lifetime Allowance limits from 6 April 2006. Eligible members had until 5 April 2009 to register with HMRC.
   
Fixed Protection 2012 – offered when the Lifetime Allowance reduced from £1.8million to £1.5million from 6 April 2012. Applications had to be made to HMRC by 5 April 2012.
 
Fixed Protection 2014 - offered when the Lifetime Allowance reduced from £1.5million to £1.25million from 6 April 2014. Applications had to be made to HMRC by 5 April 2014.
 
Individual Protection 2014 - offered when the Lifetime Allowance reduced from £1.5million to £1.25million from 6 April 2014. Applications had to be made to HMRC by 5 April 2017.

More information about the Lifetime Allowance and HMRC protections is available within the Lifetime Allowance pages on our website. Detailed information is also available from HMRC’s website.
Fields
Description:
protection certificates, lifetime allowance, lta cert
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