4.4.10 EPN326 provided information about changes to the Lifetime Allowance and the implications of applying for fixed protection. To retain fixed protection in a defined benefit scheme, such as the CSP arrangements, the individual cannot accrue any further benefit. Consequently, the vast majority of those who have applied for fixed protection will have opted out of the CSP arrangements. When such people are automatically enrolled or re-enrolled into the scheme, they will have to opt out of the scheme again within one month of being enrolled, or (if later) within one month of their employer telling them that they have been automatically enrolled. Otherwise, they will build up benefits and may lose their fixed protection.

Published:
23 December 2021
Last updated:
27 January 2022