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No 'relevant benefit accrual' is allowed, i.e.

Money purchase schemes - broadly speaking, no more contributions after 5 April 2016. The exceptions to this general rule are contributions for life cover that was in place before 6 April 2006.

Defined benefit schemes - the benefit value can't increase by more than:

1. any annual percentage rate of benefit increase specified in the scheme's rules on 9 December 2015, or
2. if no increases are specified, the higher of the increase in CPI (if any) or relevant statutory increases.

Yes, it will be lost if:

• relevant benefit accrual takes place (see above), or
• the individual receives an impermissible transfer or makes a transfer that's not a permitted transfer, or
• a new pension arrangement is started for the individual - although there are a few exceptions (e.g. to accept a permitted transfer).

Only those who had total benefits (crystallised and uncrystallised) valued above £1M on 5 April 2016 and don't have primary protection or individual protection 2014.

Any active enhanced or fixed protection (any version) will take precedence, with IP2016 dormant until the other protection is lost.

No 'relevant benefit accrual' is allowed, i.e.

Money purchase schemes - broadly speaking, no more contributions after 5 April 2014. The exceptions to this general rule are contributions for life cover that was in place before 6 April 2006.

Defined benefit schemes - the benefit value can't increase by more than:

1. any annual percentage rate of benefit increase specified in the scheme's rules on 11 December 2012, or
2. if no increases are specified, the higher of the increase in CPI (if any) or relevant statutory increases.

Yes, it will be lost if:

• relevant benefit accrual takes place (see above), or
• the individual receives an impermissible transfer or makes a transfer that's not a permitted transfer, or
• a new pension arrangement is started for the individual - although there are a few exceptions (e.g. to accept a permitted transfer).

Only those who had total benefits (crystallised and uncrystallised) valued above £1.25M on 5 April 2014 and don't have primary protection.

Any active enhanced or fixed protection (2012 or 2014) will take precedence, with IP2014 dormant until the other protection is lost.

No 'relevant benefit accrual' is allowed, i.e.

Money purchase schemes - broadly speaking, no more contributions after 5 April 2012. The exceptions to this general rule are contributions for life cover that was in place before 6 April 2006 and contracted out rebates.

Defined benefit schemes - the benefit value can't increase by more than:

1. any annual percentage rate of benefit increase specified in the scheme's rules on 9 December 2010, or
2. if no increases are specified, the higher of the increase in CPI (if any) or relevant statutory increases.

Yes, it will be lost if:

• relevant benefit accrual takes place (see above), or
• the individual receives an impermissible transfer or makes a transfer that's not a permitted transfer, or
• a new pension arrangement is started for the individual - although there are a few exceptions (e.g. to accept a permitted transfer).

No 'relevant benefit accrual' is allowed, i.e.

Money purchase schemes - broadly speaking, no more contributions after 5 April 2006. The exceptions to this general rule are contributions for life cover that was in place before 6 April 2006 and NI rebates to contracting out plans that were in place before 6 April 2006.

Defined benefit schemes - contributions can continue after 5 April 2006. But the restriction for these schemes is a limit on the size of benefit that can be paid out. The crystallised value of any benefits taken, or the actual value transferred out, can't exceed the appropriate limit. Broadly speaking, the appropriate limit is the value of the benefits built up under the scheme at 5 April 2006, increased by the greater of:

• 5% a year (or RPI if greater)
• salary growth (subject to a cap, for post '89 members) up to the date the benefits are taken

Registered TFC - if total TFC rights exceeded £375,000 at 5 April 2006 (including a notional value for pensions in payment) then TFC rights would be registered as a protected TFC percentage.

Each time the individual draws benefits, the registered percentage of the crystallised value of the benefits being taken can be paid as TFC.

No registered TFC - Generally, 25% of the lower of:

• the crystallised value of the benefits being taken
• £1.5M less the revalued amount of any previously crystallised benefits

But there are exceptions.

Yes, it will be lost if:

• relevant benefit accrual takes place (see above) or
• the individual receives an impermissible transfer or makes a transfer that's not a permitted transfer, or
• a new pension arrangement is started for the individual - although there are a few exceptions (e.g. to accept a permitted transfer).

An enhancement factor boosts the person's LTA. This is calculated as:

(value of benefits on 5 April 2006 - £1.5M) / £1.5M

The way the person's LTA is then calculated depends on when benefits are crystallised:

• For BCEs from 6 April 2012, their LTA is £1.8M increased by their enhancement factor.
• For BCEs before 6 April 2012, their LTA was the standard LTA in force at the time, increased by their enhancement factor.

Example - Jim has an enhancement factor of 0.37. If he takes his benefits in 2020/21, he'll have a LTA of £2,466,000 (1.37 x £1.8M).

Registered TFC - if total TFC rights exceeded £375,000 at 5 April 2006 (including a notional value for pensions in payment) then TFC rights would be registered as a protected TFC amount.

The registered amount is increased by the growth in the standard LTA between 6 April 2006 and the date that the benefits are taken. For benefits taken after 5 April 2012, this increase is calculated using an 'underpinned' LTA of £1.8M.

No registered TFC - Generally, 25% of the lower of:

• the crystallised value of the benefits being taken
• £1.5M less the revalued amount of any previously crystallised benefits

But there are exceptions.

Only on divorce. If pension benefits are subject to a pension debit, the LTA enhancement factor has to be recalculated.

Primary protection will be lost if the pension debit reduces the value of the member's pension rights as at 5 April 2006 to a figure that's below £1.5M.