Scheme information

Lifetime Allowance

From 6 April 2014, the Lifetime Allowance reduced to £1.25 million and from 6 April 2016, it reduced again to £1million. However, with effect from 6 April 2018 the LTA will increase annually in line with the Consumer Prices Index (CPI) to £1.03 million.

This means that more members may have pension savings that exceed the Lifetime Allowance so it is important that you understand how your pension benefits are affected. Remember, you need to take account of all pension benefits you build up, not just those in the AA Pension Scheme.

As an active member of the Scheme, your online annual Personalised Pension Benefits Statement, which you can view in the Secure Member Area of this website, will detail the percentage of the Limetime Allowance your pension was equal to during the previous year. A check is also carried out when your pension starts or you leave active service. Click the Secure Login button at the top of this page to access the Secure Member Area.

If you think you may be affected by the reduced LTA, it is a good idea to speak to an independent financial advisor. If you do not have your own adviser, you can find one local to you at

You can obtain further information about the Annual Allowance and LTA, including available protections from the HMRC website