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Enhanced Protection query

WildparaplannerWildparaplanner Member
in Technical stuff

My understanding of Enhanced Protection isn't crystal clear as I don't come across cases that often.

However, I have a client who has enhanced protection (appears to be standard enhanced and no lump sum protection with it).

They crystallised £1,500,000 on 14 March 2016 and took £375,000 PCLS. Their pension is today showing as having £160,000 in uncrystallised funds. Am I right in thinking that they are not able to take any more tax-free cash as they essentially "fully used their LTA", or does the new LSA rules bring something new to the table?

Thanks

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Comments

  • les_cameronles_cameron Member

    They will have a starting allowance of £375,000. But will be deemed to have used all of it up.

    No more LSA. LSDBA is base o the value of their fund tomorrow.

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