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Enhanced Protection- re-submitting to HMRC to update Certificate

Sam_TSam_T Member
in Technical stuff

Good morning

Has anyone had experience of re-submitting an existing Enhanced LTA application to HMRC?

  • We have a client who has an Enhanced LTA cert from April 2007, with no specific registered tax free cash.
  • They were and have always been the sole member/director of a SSAS. The current value is c.£7.2 million
  • They have not yet crystallised any funds, but we are now looking to access tax free cash.

The adviser suspects that the client could have been eligible for enhanced tax free cash, but this was not correctly applied for at the time (we didn't get this for the client and we don't have the paperwork).

Qs
-Is there any downside in re-submitting the APSS200 application at this time?
-What information/evidence would the client need to provide in order to establish a protected tax-free cash amount.

Any pointers gladly received.

Thanks

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