How is the Lifetime Allowance taxed during the members lifetime?

Author Image Mark Devlin Technical Manager
16 minutes read
Last updated on 19th Jul 2021
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How is the Lifetime Allowance taxed during the members lifetime?

16 minutes

This short video looks at who what Benefit Crystallisation Events (BCEs) can occur during the members lifetime and how these are taxed.

"Prudential" is a trading name of Prudential Distribution Limited. Prudential Distribution Limited is registered in Scotland. Registered Office at Craigforth, Stirling FK9 4UE. Registered number SC212640. Authorised and regulated by the Financial Conduct Authority. Prudential Distribution Limited is part of the same corporate group as the Prudential Assurance Company. The Prudential Assurance Company and Prudential Distribution Limited are direct/indirect subsidiaries of M&G plc, a company incorporated in the United Kingdom. These companies are not affiliated in any manner with Prudential Financial, Inc, a company whose principal place of business is in the United States of America or Prudential plc, an international group incorporated in the United Kingdom.