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Barnett Waddingham
0333 11 11 222

Lifetime allowance charges

Published by Bhargaw Buddhdev on

We were appointed by an executive who faced the prospect of a lifetime allowance (LTA) charge because her benefits at normal retirement date would exceed the LTA.

We outlined that she would be able to reduce the LTA charge in a number of ways:

  • by drawing a higher pensions commencement lump sum 
  • or by retiring early 
  • or by drawing benefits early and continuing to work 


These options did not increase the employer’s costs but reduced the LTA charge for the executive.

About the authors

  • Bhargaw Buddhdev

    Bhargaw Buddhdev is a pensions actuary and he is our expert for dealing with pension taxation issues for individuals and their employers.

    View Biography

  • Lisa Lawson

    Lisa has a range of experience in providing advice to pension scheme trustees and sponsors including scheme funding issues, investment strategy and corporate accounting.

    View Biography

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