PTM164120 - Information and administration: information the scheme administrator must provide for individual protection 2016

As of 6 April 2024 there is no longer lifetime allowance. If you are looking for information about protections, enhancement factors and the lifetime allowance charge please see these pages on . If you are looking for information about the principles of lifetime allowance and benefit crystallisation events please see these pages of .


Glossary

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Regulation 14C The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567

A member can ask a scheme administrator for help in calculating their relevant amount to enable the member to make an application for individual protection 2016.  The scheme administrator must provide the information if:

  • the individual was a member of the scheme on 5 April 2016,
  • the individual makes their request in writing
  • the scheme administrator receives the request before 6 April 2020, and
  • the information requested is necessary for calculating the value of the member바카라 사이트™s relevant amount for the purposes of individual protection 2016

The scheme administrator must give the information to the member within three months of receiving the member바카라 사이트™s  written request for information.

Paragraph 14(3) Schedule 4 Finance Act 2016

An individual will no longer be able to make an application for individual protection 2016 from 6 April 2025.Â