Pension fund protection

A facility to protect pension benefits accrued prior to 6 April 2006.

Following changes in pensions legislation, which became effective on 6 April 2006, members with funds exceeding or likely to exceed the lifetime allowance on 5 April 2006 had until 5 April 2009 to apply for their accrued benefits to be protected. Primary protection, enhanced protection and tax-free lump sum protection could be taken individually or combined.

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