PTM174800 - Lump sum allowance and lump sum and death benefit allowance: Transitional rules for the tax year 2024-25: Statements
As of 6 April 2024 there is no longer lifetime allowance. If you are looking for information about protections, enhancement factors and the lifetime allowance charge please see these pages on .
If you are looking for information about the principles of lifetime allowance and benefit crystallisation events please see these pages of .
If you are looking for information regarding听benefit crystallisation听别惫别苍迟听statements prior to 6 April 2024 please see PTM164400.听听
If you are looking for information regarding听relevant benefit crystallisation event statements,听please see PTM173000.听听
Statements for members who would not otherwise receive one听in the 2024-25 tax year听听
Paragraph 130 Finance Act 2024听
A scheme administrator must provide a statement in the 2024-25 tax year to:听
Any member of the scheme who had one or more benefit crystallisation events听(BCE)听occurring prior to the 6 April 2024 and who does not have an actual entitlement to be paid a pension, or听
皇冠体育app personal representatives of any such听member who has died.听听
听
What should be included in the statement 听
皇冠体育app statement must show the percentage of the standard lifetime allowance used up by:听听
any BCEs听under the scheme in respect of the member,听to the extent that sums and assets representing听those benefits have not been transferred to another registered pension scheme听
where the scheme has received a transfer of crystallised rights听in respect of the member,听any听BCEs that occurred in respect of those transferred-in rights.听