In this guide

This guide is for financial advisers only. It must not be distributed to, or relied on by, customers. The information in the guide is based on our understanding of legislation at November 2024.

One of the main benefits which most registered pension schemes can pay to members is a tax-free lump sum. In this guide, we cover the main rules for paying this benefit.

In this guide, ‘LSA’ means ‘Lump Sum Allowance’ and ‘LSDBA’ means ‘Lump Sum and Death Benefit Allowance'.