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Where Taxpayers and Advisers Meet
HMRC Reminder to Fix Protection for High-Value Pension Funds by 5 April
06/03/2014, by Lee Sharpe, Tax News - Income Tax
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HMRC is reminding taxpayers and agents that claims to "Fix the Protection" for pension funds with values in excess of the reduced Lifetime Allowance (soon to be reduced from £1.5 million to £1.25 million) must be submitted by 5 April 2014.

There is an online application form in order to submit a claim; there are of course significant restrictions on any further pension savings which can be made if Fixed Protection is granted.

Further information can be found at Reminder to Submit Fixed Protection 2014 Applications by 5 April 2014.

About The Author

Lee is TaxationWeb's Articles & News Editor and writes for TaxationWeb. He is a Chartered Tax Adviser with experience of advising individuals and owner-managed businesses over a broad spectrum of tax matters.
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