Pension Allowance Checker
The Lifetime Allowance (LTA) was abolished in April 2024 — but two new limits now apply. This tool checks your pension against the Lump Sum Allowance (LSA) and the Lump Sum & Death Benefit Allowance (LSDBA).
Your pension details
Enter all your UK pension pots (DC and DB).
SIPPs, workplace pensions, personal pensions (not yet crystallised)
Enter the capital value: annual pension × 20 (HMRC standard factor)
Example: £10,000/yr DB pension = £200,000 capital value
Tax-free lump sums already taken count against the LSA.
Historic LTA protections can still increase your allowances.
Enter your details to check your allowances.
Understanding the new allowances
Lump Sum Allowance (LSA) — £268,275
This limits the tax-free cash you can take from all your pensions in total. It's 25% of the old £1,073,100 LTA. Once you've used your full LSA, any further lump sums are taxed as income.
Most people are only entitled to 25% tax-free cash from each pot — so this limit is only hit if your total pots exceed approximately £1.07m.
Lump Sum & Death Benefit Allowance (LSDBA) — £1,073,100
This limits the total of tax-free death benefits your beneficiaries can receive. It's the same figure as the old LTA. Anything over this is taxed at your beneficiary's marginal rate.
Important for expats with large undrawn pension pots — your estate planning must account for this.