A method of protecting a member's fund plus all future investment growth from the lifetime allowance charge.
When pension legislation changed on 5 April 2006, anybody with a pension fund likely to exceed the lifetime allowance could register for enhanced protection.
Enhanced Protection could also be used in tandem with tax-free lump sum protection where the tax-free lump sum protection entitlement was over £375,000.
Enhanced protection is lost if contributions are made to any pension arrangements on or after 6 April 2006. Transfers of benefits from other pension arrangements can normally be made without enhanced protection being lost but advice must be taken as this is not always the case.