London Office: 020 3755 3235 | Ipswich Office: 01473 384 858 | Email:


From the 6th April 2016, the maximum pension fund that can be crystallised before being taxed is dropping from £1,250,000 to £1,000,000.

For individuals who have “money purchase” pensions, your LTA will be tested when taking your pension benefits and again at age 75.  If you retired several years ago without protection, you may be liable to the LTA tax of 55% when your funds are re-tested at age 75.

The new LTA is not due to increase again until 2020.  For those in retirement who do not already have LTA protection, we would recommend you review your position and consider applying for protection as soon as possible.

To help you understand the implications of the new changes, Swallow Financial Planning has created an online note summarising these in full for you to review.

As always, if you have any further questions do contact us on our usual numbers.


The latest news from Swallow Financial Planning and the financial industry

Budget Summary March 25, 2020

The 2020 March budget has all but been forgotten amidst the current Covid-19 pandemic. The following is our summary of the key...

Commercial Property Funds March 20, 2020

Many clients will have seen that Bricks and Mortar investment funds have been suspended. Bricks and Mortar funds own physical property. Real...

Swallow Financial Planning Contact Update – COVID-19 March 17, 2020

The actions being taken to contain the current Pandemic are getting ever more draconian. This note is to explain to clients changes...

Swallow Financial Advice Newsletter

The latest news from Swallow Financial Planning and the financial industry