What’s individual and fixed protection?


This stopped the individual losing out when the lifetime allowance was reduced eg fixed protection 2014 gave a lifetime allowance of £1.5m when the allowance was reduced to £1.25m. The main difference is that with fixed protection contributions must stop whereas they don’t with individual protection.


The following HM Revenue & Customs link gives more information on fixed and individual protection:  www.gov.uk/guidance/pension-schemes-protect-your-lifetime-allowance.

Was this article helpful?

Please score it so we can improve and offer you more