You may have other pensions you’ve lost track of over the years. If that’s the case, use the government’s pension tracing service.
From 6 April 2024 the government abolished the Lifetime Allowance and replaced it with two new allowances: the Lump Sum Allowance (LSA) and the Lump Sum and Death Benefit Allowance (LSDBA). These allowances limit the amount of tax-free lump sums which an individual can take from their pension arrangements.
When you apply to take your pension, we’ll ask you if you have taken money from any other pension arrangements. This is to calculate your available Lump Sum Allowance and the Lump Sum and Death Benefit Allowance.