For further information, see the ‘Charges and taxes if you exceed the lifetime allowance’ section at MoneyHelper or for more detail, see gov.uk.
You can expect further updates to gov.uk over the coming weeks.
If you think you might be affected by the removal of the Lifetime Allowance, you should seek independent financial advice. You may be able to get free financial advice, paid for by the Trustee or to find your own adviser, go to MoneyHelper.
