Time to apply for LTA Fixed Protection 2016? Is this still available?

Gerbert

Now that the LTA has been frozen at £1.0731M until 2026, am I right to conclude that anyone with a money-purchase pension fund currently valued at (say) getting on for £1M who is not planning on making any more pension contributions, and who is able to apply for LTA Fixed Protection 2016, which fixes the LTA at £1.25M, should now do so without further delay?

My understanding is that

(a) one can do this if no pension contributions have been made since 5 April 2016;

(b) this protection is still available, irrespective of today's budget;

(c) there are no other adverse consequences of doing so (other than not being able to make further contributions).

Is this all correct?

Mick70

What if you are still contributing and already over the LTA ?

Mutton_Geoff

You can still get IP2016 and continue contributing but the limit is £1.25m or the value of your benefits on 5th April 2016.

https://www.gov.uk/guidance/pension-schemes-protect-your-lifetime-allowance

You can't get FP2016 unless you had stopped contributing then.