The lifetime allowance is the total amount that you can build up from all your pension savings in your lifetime without incurring a tax charge.
- Your benefits in the Local Government Pension Scheme (LGPS), and
- Any pension benefits you may have in other tax-registered pension arrangements.
But it does not include:
- State pensions and dependant's pensions.
- The table below shows the standard lifetime allowance amount:
|Tax year||Lifetime allowance|
From 2018/19 the lifetime allowance will be increased in line with inflation.