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For UK financial advice professionals only, not approved for use by retail customers. Click here for the customer website.

Protected Tax Free Cash Tool

Calculate the scheme specific protected tax free cash amount for money purchase arrangements on or after 6 April 2024.

Key features

  • Calculation methodology as detailed Pension Tax Manual - PTM063130 as at 6th February 2024
  • Idnetify the protected tax free cash amount and additional tax free amount arising from the SSPTFC.
  • Print the results in a printer friendly format for your files.

Find the protected tax free amount your client may be entitled to

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.

Guidance, but not advice

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.

Tech Matters

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