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New guidance on pension lump-sum allowances

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HMRC have published the following new guidance which explains in straightforward terms how the individual lump sum allowance and lump sum death benefit allowance work from 6 April 2024, following abolition of the lifetime allowance:

HMRC have also updated its guidance Protect your pension lifetime allowance to reflect the deadlines for applying for fixed protection 2016 and individual protection 2016.

Issue: 1658
Categories: News
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