Registered Pension Schemes (Lifetime Allowance Transitional Protection) Regulations 2011 come into force

Implementation date: 11 August 2011

The Regulations provide how individuals, who have built up pension savings on the expectation that the lifetime allowance would remain at the level of £1,800,000, may give notice confirming their intention to rely on the transitional protection under sch.18 to the Finance Act 2011. The Regulations can be viewed on the UK legislation website.