Written Question·Treasury·UIN 89364
Tax Allowances
Tabled: 10 November 2025
Answered: 18 November 2025
Question
Neil Duncan-Jordan
Labour — Poole
To ask the Chancellor of the Exchequer, what assessment she has made as to the potential merits of Transitional Tax-Free Amount Certificates.
Answer
Torsten BellA Transitional Tax-Free Amount Certificate (TTFAC) is an official document issued by a pension scheme provider or insurer. It confirms the actual amount of tax-free lump sums an individual received before 6 April 2024, when the Lifetime Allowance was abol...
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