The following Employment Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
There is a lifetime limit on the total amount of pension value that can benefit from tax relief (see the Lifetime allowance and the lifetime allowance charge guidance note). Testing against the lifetime allowance takes place at a benefit crystallisation event. Generally, a benefit crystallisation event occurs when benefits are taken.
The levels at which the lifetime allowance have been fixed are as follows:
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