PPRuNe Forums - View Single Post - Pension Annual Allowance... exceeded?!?
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Old 6th Jan 2021, 06:02
  #42 (permalink)  
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Join Date: Apr 2000
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I have just been given advice by an IFA and I will be close, but under, my LTA as follows:

Left in 2014 as PAS level 33 Flt Lt age 53 on AFPS 05 - hitting 60 this year and still employed with 2 small company pensions building - I was concerned that the EDP I received and the pension I have been drawing since 2014 would take me over LTA when I get another lump sum and go to 100% pension at 65.

Apparently the EDP and pension since 2014 don't count towards LTA and are Crystallisation Benefits (or some similar technical term.

So my full pension allowance at age 65 x 20 years plus my final lump sump take me to around £950K - close but still under the bar and my company pensions only make a small increase on that figure..

Don't know if this helps anyone but I thought I'd put it out there just in case.
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