LTA used

[moggiek]

I'm sorry to be such a clutz, but can someone tell me what this means on my pension statement, please?

Life time allowance

Thanks, lovely. So - the amount in my pension pot thus far?

No. The amount you've accumulated in your current employment, unless you transferred in all of your previous pension entitlements.

The amount of money in that pension pot, relative to what you're allowed to accumulate over your lifetime. Until you've got £1.25 million across all pensions, not an issue.

Thanks, BCF.