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Government issues fixed protection application form

The Government has issued the form which people can use to apply for fixed protection on the £1.8m lifetime allowance for tax-privileged pension saving.

In December, the Treasury announced plans to reduce the lifetime allowance from £1.8m to £1.5m from April 6, 2012.

By claiming fixed protection people can retain the £1.8m limit, although they will not be able to build up any further pension benefits after April 5, 2012.

The fixed protection form is available here.

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