Lump Sum Allowance (LSA) and Lump Sum and Death Benefit Allowance (LSDBA) - Rates
The history of the Lump Sum Allowance (LSA) and the Lump Sum and Death Benefit Allowance (LSDBA) from the 2024/25 tax year onwards.
Higher levels of LSA and LSDBA apply where an individual holds valid lifetime allowance protection, such as fixed protection 2014.
These allowances are reduced if benefits were taken before 6 April 2024 and by any relevant benefit crystallisation events occurring on or after that date.
| Tax Year | Lump sum allowance | Lump sum and death benefits allowance |
| 2026/27 | £268,275 | £1,073,100 |
| 2025/26 | £268,275 | £1,073,100 |
| 2024/25 | £268,275 | £1,073,100 |
Disclaimer
The information provided is based on our current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow.
All references to taxation are based on our understanding of current taxation law and practice and may be affected by future changes in legislation and the individual circumstances of the investor.