• Individual Protection 2014: Where you have a valid Certificate from HMRC, the value of your benefits at the time they are crystallised, will be measured against a Lifetime Allowance at least equal to the total value of your benefits (between £1,250,001 and £1,500,000) in all registered pension schemes, and any relieved non-UK pension rights you have, on 5 April 2014.
• Individual Protection 2016: Where you have a valid Reference from HMRC, the value of your benefits at the time they are crystallised, will be measured against a Lifetime Allowance at least equal to the total value of your benefits (between £1,000,001 and £1,250,000) in all registered pension schemes, and any relieved non-UK pension rights you have, on 5 April 2016.
By Scott Simpson
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