Latest news on applying for Fixed Protection or Individual Protection 2016

In their latest Pension Schemes Newsletter 79, HMRC has confirmed that the online system for applying for Individual Protection 2016 or Fixed Protection 2016 will be available from the end of July 2016.  The online service will also allow pension scheme members to view a history of their previous lifetime allowance protection details.

If you wish to apply for lifetime allowance protection from the end of July 2016, or to view details of your existing protections, you will need to create an Online Services Account with HMRC. You can create an account, or to log in to an existing account at:  www.gov.uk/log-in-register-hmrc-online-services.

If you are not planning to take benefits before August 2016, HMRC has suggested you wait and apply for protection using the online digital service from the end of July 2016.

Posted on July 4th 2016

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