Less obvious fixed protection considerations

The information below outlines a couple of areas advisers need to consider carefully when assessing their clients, especially when evaluating the benefits of switching from enhanced to fixed protection. These areas may not be immediately obvious, but can none the less make a significant difference. Should clients with enhanced protection switch to fixed protection? Enhanced protection secures an unrestricted lifetime allowance (LTA). This enables a pension fund to grow to amounts far exceeding the current LTA of £1.8m without incurring the 55% tax charge, making enhanced protection ex...