HM Revenue and Customs (HMRC) has published guidance on registering for lifetime allowance protection.

Broadly, lifetime allowance protection prevents pension benefits that accrued before 6 April 2006 from incurring a lifetime allowance tax charge.

The guidance is somewhat misleading in respect of the deadline for notifying HMRC. Although the guidance states that the deadline is 5 April 2009, it also states that notifications which HMRC receives by midnight on 6 April 2009 will be treated as being made on time and applications received after 6 April 2009 “will be considered on a case by case basis on its own facts to see if there is a reasonable excuse for it being late and whether the notification was made within a reasonable period of time after that excuse ceased to exist”.