From April 2024 the government abolished the lifetime allowance. We have attached guidance to help understand the new limits and when a transitional tax-free certificate may need to be considered.

Tax Limit Guidance October 2024 (PDF)

You may be caught by the tax limits that apply to pensions if you:

• are a high earner
• have received a promotion
• have received a large one-off payment that is pensionable
• are thinking about making large additional voluntary contributions

The key limit is the annual allowance (the amount your pension savings can increase in any one year). The amount of tax-free cash you can take from your pension is also limited.

More information about tax limits

• the LGPS member website
• your annual benefit statement
• our Guide to the LGPS

Information video