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<p>Individuals whose pension savings exceed the Lifetime Allowance (LTA) are generally
liable for tax when payments are made from their pension scheme.</p><p>Tax paid on
LTA charges for 2010/11 to 2017/18 (year to date)</p><table><tbody><tr><td><p>Tax
Year</p></td><td><p>Total tax paid (rounded to the nearest £10m</p></td></tr><tr><td><p>2010/11</p></td><td><p>£10
million</p></td></tr><tr><td><p>2011/12</p></td><td><p>£20 million</p></td></tr><tr><td><p>2012/13</p></td><td><p>£20
million</p></td></tr><tr><td><p>2013/14</p></td><td><p>£40 million</p></td></tr><tr><td><p>2014/15</p></td><td><p>£40
million</p></td></tr><tr><td><p>2015/16</p></td><td><p>£80 million</p></td></tr><tr><td><p>2016/17</p></td><td><p>£110
million</p></td></tr><tr><td><p>2017/18</p></td><td><p>£120 million[1]</p></td></tr></tbody></table><p>
</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p>
</p><p> </p><p> </p><p> </p><p>Numbers provided for tax collected may be subject to
significant change over time as in some cases pension providers can claim back tax
paid. For example, this can occur where an individual has protections above the current
Lifetime Allowance, or where not all of the payment would have been subject to the
Lifetime Allowance.</p><p> </p><p>HMRC does not have estimates for future payments
of LTA charges for 2018-19, 2019-20 or 2020-21. Any tax received from LTA charges
forms a part of the overall Income Tax forecast.</p><p> </p><p>[1] Please note the
2017/18 tax year runs until April 2018, and so further tax charges could come through
for this year which are not reflected in the above tables. The number provided represents
a <em>year-to-date </em>figure.</p>
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