Tax and your contributions Find out about tax relief on the contributions you pay. Annual Allowance Find out the amount your pension benefits can increase in any one year without you having to pay a tax charge. Lump Sum Allowance (LSA) Find out about the amount that you can receive in tax-free lump sums from all your pensions. Lump Sum and Death Benefit Allowance (LSDBA) Find out about the amount of tax-free lump sums and death benefit lump sums that can be paid as part of your pension benefits. Lifetime Allowance The Lifetime Allowance (LTA) has been abolished with effect from 6 April 2024. Taking advantage of your pension tax allowances An online course offering members an overview of the tax allowances and actions to consider with their pensions.
Annual Allowance Find out the amount your pension benefits can increase in any one year without you having to pay a tax charge.
Lump Sum Allowance (LSA) Find out about the amount that you can receive in tax-free lump sums from all your pensions.
Lump Sum and Death Benefit Allowance (LSDBA) Find out about the amount of tax-free lump sums and death benefit lump sums that can be paid as part of your pension benefits.
Taking advantage of your pension tax allowances An online course offering members an overview of the tax allowances and actions to consider with their pensions.
