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Hypothetical example:

 

If someone is claiming a final pension salary since 1996 does the total amount paid out count towards the current lifetime allowance? Thank you

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Hello there.

 

This page on the government website talks about pensions taken pre-2006 and should be helpful. If you want further information, try the Pensions Advisory Service helpline.

 

HB

 

https://www.gov.uk/guidance/pension-schemes-value-your-pension-for-lifetime-allowance-protection


Illegitimi non carborundum

 

 

 

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Thank you. Didn't mention previously that it's a spouse's pension. Quick online chat with the Pension Advisory Service and looks like spouse's pensions are exempt.

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TPAS are good guys, I'm pleased they've helped you to find your answer. :)

 

HB


Illegitimi non carborundum

 

 

 

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to answer your question so others know, yes it would count towards your lifetime allowance but whe you get a final salary pension the determination of the size of the pot is very generous compared to how much money you would need to put away and get the same with an annuity.

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