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that damn lifetime allowance thing

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Comments

  • srhoden
    srhoden Posts: 26 Forumite
    10 Posts
    TVAS said:
    You are asking the wrong question. Are your total pension funds nearing to, is likely to get to or is more than £1,073,100. If yes it is a valid question. If no why do you care you are not going to exceed it.
    trust me it is nowhere near that figure - i wish - but one of my schemes is asking for the information and won’t release what they have (about £1.500) without me giving them the % lifetime allowance for others!!! trust me this is more than i need to know myself.
  • Marcon
    Marcon Posts: 15,927 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    srhoden said:
    TVAS said:
    You are asking the wrong question. Are your total pension funds nearing to, is likely to get to or is more than £1,073,100. If yes it is a valid question. If no why do you care you are not going to exceed it.
    trust me it is nowhere near that figure - i wish - but one of my schemes is asking for the information and won’t release what they have (about £1.500) without me giving them the % lifetime allowance for others!!! trust me this is more than i need to know myself.
    You don't need to declare this because 'small pots' don't impact on your LTA...but at least you know for next time!
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
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