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The maximum tax-free fund allowed* is currently £1,055,000** (2019/20). If you have multiple funds, this is an overall limit.
*Your fund can build to any size at all, but the excess will be taxed when you take benefits, and the tax is designed to make it generally financially unsound to over-fund your pension.
** For pensions provided on a defined benefit basis, the value of benefits will be translated into a notional fund, which is then used to assess your position re the lifetime allowance.
Pension eligibility depends on personal circumstances. Tax rules and allowances are not guaranteed and may change in the future. The value of pensions can fall as well as rise and you may not get back the amount you originally invested.
Ginny provides a very personal service completely tailored to what we need. She establishes exactly what we require and then provides clear, logical and honest advice. She has an ability to explain some complex financial concepts in an easily understandable manner.