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Posted Fri, 28 Jun 2024 10:36:55 GMT by Freddie George
I have a certificate of enhanced protection which states my tax free lump sum is 13%. I have not yet taken any benefits from my pension fund but would like to know if the lump sum which I can now take is 13% of the value of the fund today or is it 13% of the value of the fund on 6 April 2006. In both instances the amount would be in excess of the current lump sum allownace.
Posted Wed, 03 Jul 2024 10:46:54 GMT by HMRC Admin 21 Response
Hi Freddie,
Please refer to guidance at Pensions Tax Manual: PTM176310.
Thank you.

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