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.