JavaScript Warning

This site relies on JavaScript for critical functionality. Please enable JavaScript and reload the page.

What happens if I exceed my Lifetime Allowance?

If you take benefits in excess of the lifetime allowance you have the option of taking payment as a lump sum (subject to 55% tax) or setting it aside for taking as income in future (25% tax and then your marginal rate of tax when you actually come to take it)

For more information, please refer to our Lifetime Allowance guide.