Calculate the scheme specific protected tax free cash amount for money purchase arrangements on or after 6 April 2024.
The tool calculates the scheme specific protected tax free cash amounts for those individuals who had an entitlement to tax free cash in excess of 25% on 5th April 2006.
As at 6th April 2024 there is a flaw in HMRC regulations on the calculations. The tool calculates the amount based on what the intent of the new legislation is.
For full information on these lump sums you can read our Scheme Specific Protected Tax Free Cash article.
The results of the tool are illustrative only and are in no way intended to be a recommendation for a particular course of action and do not constitute advice. The results are based on our current understanding of legislation and HMRC practice. But these might change without notice and the tool doesn’t take into account all of the possible circumstances that could impact your clients.
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