SIPP accounts are now live and are being gradually rolled out to clients on the waitlist. Eligible UK-resident clients of Trading 212 UK Ltd will be notified when access becomes available to them.
From 6 April 2024, the old Lifetime Allowance (LTA) was replaced by new allowances, including the Lump Sum Allowance (LSA). If you took pension benefits before this date, your remaining LSA is typically calculated using a standard default method.
You may be able to apply for a Transitional Tax-Free Amount Certificate (TTFAC) to take more tax-free cash from your pension if the standard calculation doesn't accurately reflect the amount you actually received.
📄 Note
You can apply to Trading 212 (or any other pension scheme you are a member of) if you wish to obtain a TTFAC.