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UK Pension Lifetime Allowance Replacement Explained

UK Pension Lifetime Allowance Replacement Explained

The UK Lifetime Allowance was abolished from 6 April 2024. Two new allowances replaced it: the Lump Sum Allowance (GBP 268,275, capping tax-free lump sums) and the Lump Sum and Death Benefit Allowance (GBP 1,073,100, capping total tax-free lump sums and death benefits). Existing LTA

17 Jun 2026 · 9 min read
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