Guidance

Lifetime allowance guidance newsletter — February 2024

Lifetime allowance newsletter published by HMRC in February 2024 to update stakeholders on the latest news for pension schemes.

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Details

This newsletter is published by HMRC’s Pension Schemes Services to update stakeholders on the latest news for pension schemes. The lifetime allowance guidance newsletter covers:

  • answers to further frequently asked questions covering:
    • lump sums and lump sum death benefits
    • reporting requirements
    • overseas transfer allowance
    • protections and enhancement factors
    • transitional arrangements
  • information on reporting required by paragraph 130 on the further legislative changes which will be introduced before 6 April 2024
  • further information on future communications

Updates to this page

Published 13 February 2024
Last updated 27 February 2024 + show all updates
  1. Information has been amended to explain the conditions where event number 24 only applies within the event 24 section.

  2. First published.

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