LSA & LSDBA Calculator
Track your tax-free pension lump sum allowances under the new rules effective from 6 April 2024.
Track your tax-free lump sums against the standard LSA (£268,275) and LSDBA (£1,073,100). Use "With Protections" if you have LTA protection or pre-April 2024 crystallisation events.
Lump Sum Allowance (LSA)
£268,275
Maximum tax-free lump sums you can take
Lump Sum & Death Benefit Allowance
£1,073,100
Includes death benefits for estate planning
Add Lump Sum Events
Enter each tax-free lump sum you've taken since 6 April 2024.
About the Lump Sum Allowances
From 6 April 2024, the Lifetime Allowance (LTA) was abolished and replaced with two new allowances that limit the amount of tax-free cash you can take from your pension:
Lump Sum Allowance (LSA)
£268,275
The maximum total tax-free lump sums you can take across your lifetime from PCLS, UFPLS, and SALS.
Lump Sum & Death Benefit Allowance
£1,073,100
A wider cap that includes tax-free death benefits and serious ill-health lump sums.
What counts against your LSA?
- • PCLS - Pension Commencement Lump Sum (tax-free cash at retirement)
- • UFPLS - Uncrystallised Funds Pension Lump Sum (25% tax-free portion)
- • SALS - Stand-alone Lump Sum
What counts against your LSDBA?
Everything that counts against LSA, plus:
- • Serious Ill-Health Lump Sums - Paid if diagnosed with a serious illness
- • Lump Sum Death Benefits - Tax-free lump sums paid to beneficiaries
LTA Protection Types
If you registered for LTA protection with HMRC, you may have higher allowances:
| Protection | LSA | LSDBA |
|---|---|---|
| No Protection | £268,275 | £1,073,100 |
| Enhanced Protection | Unlimited* | Unlimited* |
| Fixed Protection 2012 | £450,000 | £1,800,000 |
| Fixed Protection 2014 | £375,000 | £1,500,000 |
| Fixed Protection 2016 | £312,500 | £1,250,000 |
| Individual Protection 2014 | Up to £375,000 | Up to £1,500,000 |
| Individual Protection 2016 | Up to £312,500 | Up to £1,250,000 |
*Enhanced Protection provides unlimited allowances for pre-A-Day crystallised rights only.
Transitional Rules
If you took pension benefits before 6 April 2024, your allowances are reduced:
- • Default method: Your LSA is reduced by 25% of the LTA percentage you previously used. For example, if you used 40% of LTA, your LSA reduces by £107,310 (40% × £1,073,100 × 25%).
- • TTFAC method: If you have a Transitional Tax-Free Amount Certificate from your scheme, you can use the actual certified amount instead of the default calculation.
Found this calculator helpful? Buy us a coffee!