{"id":42742,"date":"2025-05-15T09:58:37","date_gmt":"2025-05-15T09:58:37","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/?p=42742"},"modified":"2026-05-26T18:22:46","modified_gmt":"2026-05-26T18:22:46","slug":"transitional-tax-free-amount-certificate-how-it-works","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works","title":{"rendered":"Transitional tax-free amount certificate: How it works"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The previous Labour government introduced \u2018pension simplification\u2019 in 2006, with the aim to get rid of unnecessary complexity from the pension landscape and remove barriers to retirement planning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Central to Labour\u2019s changes were the introduction of annual and lifetime allowances, and a single tax regime for all pensions. This included tax relief on contributions and the ability to withdraw a tax-free lump sum of up to 25% at a specific age.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While this may have largely made pensions less complicated at the time, the reality for most people is that pensions have never been simple. So many factors, such as the type of pension, your earnings and your age, all play a part in both the contributions you can make and when and how you can make withdrawals. And it\u2019s a picture that keeps evolving.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-uk-pensions-changes-explained\">UK pensions changes explained<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There\u2019s no longer an upper limit to the amount of pension funds or benefits that can be accrued without tax charges. Instead, there are two new allowances \u2013 the lump sum allowance (LSA) and the lump sum and death benefit allowance (LSDBA). These will limit the amount of&nbsp;lump sums&nbsp;that can be paid tax-free during an individual&#8217;s lifetime and on their death.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-lump-sum-allowance\">The lump sum allowance<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The LSA is the amount of tax-free cash you can take from your pension. It\u2019s capped at \u00a3268,275 (25% of the former \u00a31,073,100 lifetime allowance [LTA]).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-lump-sum-and-death-benefit-allowance\">The lump sum and death benefit allowance<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The LSDBA is set at \u00a31,073,100 and is the cumulative total amount that can be paid out as tax-free lump sums during your lifetime and on your death.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The figures above are the default amounts for the LSA and the LSDBA. However, if you have any fixed or individual <a href=\"https:\/\/www.gov.uk\/guidance\/pension-schemes-protect-your-lifetime-allowance\">protections<\/a> in place, your LSDBA will be set to the level of your protected lifetime allowance while your LSA will be set to 25% of this amount.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pension commencement lump sums (PCLS) and the tax-free amount of uncrystallised funds pension lump sums (UFPLS) will be tested against and use up both LSA and LSDBA. Serious ill-health lump sum death benefits will also use up the LSDBA.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s also possible, however, to potentially take out more tax-free money than the limits specified in the LSA or LSDBA through a transitional tax-free amount certificate (TTFAC).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe certificate could make a real difference to the tax-free amount you can claim,\u201d explains Shazna Bishop, Financial Planner and Divisional Director with RBC Brewin Dolphin. \u201cBut this is a really complicated part of pension planning and financial advice should absolutely be taken because you could actually come off worse instead of better.\u201d<\/p>\n\n\n\n<section class=\"wp-block-rbcwm-rbc-block rbc-block\"><div class=\"container\"><div class=\"row \"><div class=\"col-lg-12\">\n<div class=\"wp-block-rbcbd-download-banner rbc-card rbc-card-primary-tint\"><div draggable=\"false\" class=\"rbc-card-wrap\"><div class=\"rbc-card-body\"><div class=\"row justify-content-center align-items-center\"><div class=\"col-7 col-md-4 col-lg-2 mb-1 mb-md-0\"><a class=\"rbc-link-thumbnail\" href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/a-guide-to-income-in-retirement\/\"><img decoding=\"async\" src=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/10\/150x228_Thumbnail.jpg\" alt=\"Top image for carousel\"\/><\/a><\/div><div class=\"col-md-8 col-lg-10\"><h3>A guide to income in retirement<\/h3><div class=\"hr-mini my-1-half bdr-accent\"><\/div>\n<p class=\"paragraph-intro wp-block-paragraph\">Find out your retirement income options and the steps you may need to take in our comprehensive guide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/a-guide-to-income-in-retirement\/\" data-type=\"post\" data-id=\"23272\" class=\"link-cta link-chev\">Download guide<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-is-the-transitional-tax-free-amount-certificate-right-for-you\">Is the transitional tax-free amount certificate right for you?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you have used up some (or all) of your LTA prior to 6 April 2024, the new LSA and LSDBA allowances will be adjusted to reflect that. Essentially, there\u2019s a default calculation that looks at the amount of the LTA you have used, and 25% of that will be deducted from the new allowances.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe main problem with the default calculation is that it assumes you\u2019ve taken 25% as a tax-free lump sum every time benefits were crystallised prior to 6 April 2024,\u201d says Bishop. \u201cBut this might not actually have been the case.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you were in a Defined Contribution or a Defined Benefit scheme, it\u2019s important to check if you\u2019ve taken any tax-free sums from your pot, and if so, how much. You can find this out by writing to your pension scheme. Once you have this to hand, a financial adviser can calculate how much tax-free money you\u2019ve taken and whether you\u2019d benefit from applying for the TTFAC.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Obtaining a TTFAC ensures that the actual amount of tax-free lump sums taken before 6 April 2024 is accounted for, rather than an assumed amount. This potentially means you could take up to 25% tax-free cash from future withdrawals (rather than a figure based on the assumed calculation). Also, the TTFAC could increase the LSBDA, which could be important if a death benefit is expected to be paid.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It&#8217;s possible that you could benefit from a TTFAC if any of the following apply:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You\u2019ve taken no tax-free cash (or less than 25%) when you accessed your pension \u2013 by taking an annuity or through a Defined Benefit Scheme, for example<\/li>\n\n\n\n<li>You\u2019ve not crystallised any benefits from your pension since 6 April 2024 (if you have, you won\u2019t be able to apply for the TTFAC)<\/li>\n\n\n\n<li>You moved an element of your UK pension to an overseas scheme (QROPS)<\/li>\n\n\n\n<li>You\u2019re over 75 and had standard LTA checks when you reached that age<\/li>\n\n\n\n<li>You took a pension benefit during the four tax years (2016\/17 to 2019\/20) when the LTA was lower than \u00a31,073,100<\/li>\n\n\n\n<li>You\u2019ve taken a serious illness pension lump sum in the past<\/li>\n\n\n\n<li>You&#8217;ve received part of someone else\u2019s pension through a pension sharing order.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Even if one of the above applies, your overall tax-free cash position needs to be compared to the standard calculation. If you have multiple pensions, for example, you might have taken less than 25% tax-free cash from one but also taken 25% from another when the LTA was much higher. As a result, the standard calculation might put you in a better position.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-make-sure-to-do-the-calculations\">Make sure to do the calculations<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s really important that these calculations are done before you apply for a TTFAC,\u201d says Bishop. \u201cYou need to gather all the evidence of the lump sums you\u2019ve taken, along with how much of your LTA you have used. Your financial adviser can do this with your permission, but you have to make the application to the pension scheme yourself.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If your calculations show that the tax-free lump sums you\u2019ve taken prior to 6 April 2024 are less than 25% of the LTA used, you can present the evidence to your pension scheme and ask them for a TTFAC. This certified figure will then be deducted from your LSA and LSBDA.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Critically, once the TTFAC is issued, it can\u2019t be revoked, even if the certified amount is less that the standard calculation. So, it\u2019s vital to double check all calculations before applying.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s also important to know that if you\u2019re applying for the certificate, you need to do so before your pension crystallises. Once you take a tax-free lump sum from your pension, the standard calculation will apply,\u201d says Bishop. \u201cSo, if you&#8217;re planning on taking pension benefits, you must make sure the TTFAC is in place before you do this.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-importance-of-reviewing-your-pensions\">The importance of reviewing your pensions<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Carrying out the calculations and deciding whether to apply for a TTFAC really does demonstrate the need to not only have a view across all your pension schemes, if you have more than one, but also to know what\u2019s happening \u2018under the bonnet\u2019 of each pension.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The role of pensions in broader retirement and estate planning has also arguably never been more important \u2013 not least because the government announced future changes to pension rules, which will see pensions become liable to inheritance tax (IHT) from 6 April 2027.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cQuite often, the pension pot is the last pot someone would touch in retirement,\u201d says Bishop. \u201cBut if the new rules around IHT come into force, you may decide that it\u2019s best to crystallise a pension in some way. It\u2019s here that checking your TTFAC calculation could be really important. And financial advice will go a long way to helping you make the right decision.\u201d<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The value of investments, and any income from them, can fall and you may get back less than you invested. This does not constitute tax or legal advice. Tax treatment depends on the individual circumstances of each client and may be subject to change in the future. You should always check the tax implications with an accountant or tax specialist. Information is provided only as an example and is not a recommendation to pursue a particular strategy. Information contained in this document is believed to be reliable and accurate, but without further investigation cannot be warranted as to accuracy or completeness.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Find out if the transitional tax-free amount certificate could get you higher levels of tax-free cash from your pension.<\/p>\n","protected":false},"author":145,"featured_media":42770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rbcwm_post_date":"","editor_notices":[],"rbc_url_alias":"","rbcbd_featured_desktop_image_position":"","rbcbd_featured_mobile_image_position":"","footnotes":"","jetpack_post_was_ever_published":false},"categories":[661],"tags":[],"rbcwm_content_owner":[],"rbcwm_need":[770],"rbcwm_segment":[792,772],"rbcwm_solution":[758],"rbcwm_topic":[108],"rbcwm_channel":[99,781],"rbcwm_format":[779],"class_list":["post-42742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-strategies","rbcwm_need-live-well","rbcwm_segment-corporate-executives","rbcwm_segment-individuals","rbcwm_solution-wealth-planning","rbcwm_topic-pensions-and-retirement","rbcwm_channel-private-clients","rbcwm_channel-uk-individual","rbcwm_format-article"],"acf":{"rbc_ct_service":"","rbc_ct_theme":false,"rbc_ct_topic":false,"rbcwm_subtitle":"Find out if the transitional tax-free amount certificate could get you higher levels of tax-free cash from your pension.","rbcwm_post_author":"","rbcwm_custom_breadcrumb_text":"","rbcwm_custom_breadcrumb_link_url":"","rbcwm_disclaimers":{"add_disclosures":"","perspective_disclaimer":"","expandable":"","omit_from_pages":"","disclaimer_footnote":""},"rbcwm_insight_cta_id":"","rbcwm_pagination":{"next_link":"","next_link_text":"Next article","previous_link":"","previous_link_text":"Previous article"},"rbcwm_video_duration":"","article_time":3,"rbcwm_enable_toc":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Transitional tax-free amount certificate: How it works &#8211; RBC Wealth Management United Kingdom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transitional tax-free amount certificate: How it works\" \/>\n<meta property=\"og:description\" content=\"Find out if the transitional tax-free amount certificate could get you higher levels of tax-free cash from your pension.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works\" \/>\n<meta property=\"og:site_name\" content=\"RBC Wealth Management United Kingdom\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/rbcwealthmgmt\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-15T09:58:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-26T18:22:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/10\/6012_2177_x_729.jpg?w=2000\" \/>\n\t<meta property=\"og:image:width\" content=\"2177\" \/>\n\t<meta property=\"og:image:height\" content=\"729\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rbcwealth\" \/>\n<meta name=\"twitter:site\" content=\"@rbcwealth\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Transitional tax-free amount certificate: How it works\",\"datePublished\":\"2025-05-15T09:58:37+00:00\",\"dateModified\":\"2026-05-26T18:22:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works\"},\"wordCount\":1347,\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2023\\\/10\\\/6012_2177_x_729.jpg\",\"articleSection\":[\"Tax strategies\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works\",\"name\":\"Transitional tax-free amount certificate: How it works &#8211; RBC Wealth Management United Kingdom\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2023\\\/10\\\/6012_2177_x_729.jpg\",\"datePublished\":\"2025-05-15T09:58:37+00:00\",\"dateModified\":\"2026-05-26T18:22:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works#primaryimage\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2023\\\/10\\\/6012_2177_x_729.jpg\",\"contentUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2023\\\/10\\\/6012_2177_x_729.jpg\",\"width\":2177,\"height\":729,\"caption\":\"Tax-free amount certificate banner\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/insights\\\/transitional-tax-free-amount-certificate-how-it-works#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Transitional tax-free amount certificate: How it works\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#website\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/\",\"name\":\"RBC Wealth Management United Kingdom\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#organization\",\"name\":\"RBC Wealth Management United Kingdom\",\"alternateName\":\"RBC Wealth Management\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2026\\\/05\\\/rbc.png\",\"contentUrl\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/wp-content\\\/uploads\\\/sites\\\/23\\\/2026\\\/05\\\/rbc.png\",\"width\":3000,\"height\":2000,\"caption\":\"RBC Wealth Management United Kingdom\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rbcwealthmanagement.com\\\/en-uk\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/rbcwealthmgmt\\\/\",\"https:\\\/\\\/x.com\\\/rbcwealth\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/rbc-wealth-management\"],\"description\":\"Ideas Happen Here\u2122. Work with RBC Wealth Management's UK advisers to turn your ideas into the future you want \u2014 with tailored wealth solutions from over 30 offices across the UK.\"},{\"@type\":\"Person\",\"@id\":\"\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Transitional tax-free amount certificate: How it works &#8211; RBC Wealth Management United Kingdom","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works","og_locale":"en_GB","og_type":"article","og_title":"Transitional tax-free amount certificate: How it works","og_description":"Find out if the transitional tax-free amount certificate could get you higher levels of tax-free cash from your pension.","og_url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works","og_site_name":"RBC Wealth Management United Kingdom","article_publisher":"https:\/\/www.facebook.com\/rbcwealthmgmt\/","article_published_time":"2025-05-15T09:58:37+00:00","article_modified_time":"2026-05-26T18:22:46+00:00","og_image":[{"width":2177,"height":729,"url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/10\/6012_2177_x_729.jpg?w=2000","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_creator":"@rbcwealth","twitter_site":"@rbcwealth","twitter_misc":{"Written by":"","Est. reading time":"12 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works#article","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works"},"author":{"name":"","@id":""},"headline":"Transitional tax-free amount certificate: How it works","datePublished":"2025-05-15T09:58:37+00:00","dateModified":"2026-05-26T18:22:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works"},"wordCount":1347,"publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#organization"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/10\/6012_2177_x_729.jpg","articleSection":["Tax strategies"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works","name":"Transitional tax-free amount certificate: How it works &#8211; RBC Wealth Management United Kingdom","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works#primaryimage"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/10\/6012_2177_x_729.jpg","datePublished":"2025-05-15T09:58:37+00:00","dateModified":"2026-05-26T18:22:46+00:00","breadcrumb":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works#primaryimage","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/10\/6012_2177_x_729.jpg","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/10\/6012_2177_x_729.jpg","width":2177,"height":729,"caption":"Tax-free amount certificate banner"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/insights\/transitional-tax-free-amount-certificate-how-it-works#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/"},{"@type":"ListItem","position":2,"name":"Transitional tax-free amount certificate: How it works"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#website","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/","name":"RBC Wealth Management United Kingdom","description":"","publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#organization","name":"RBC Wealth Management United Kingdom","alternateName":"RBC Wealth Management","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2026\/05\/rbc.png","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2026\/05\/rbc.png","width":3000,"height":2000,"caption":"RBC Wealth Management United Kingdom"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/rbcwealthmgmt\/","https:\/\/x.com\/rbcwealth","https:\/\/www.linkedin.com\/company\/rbc-wealth-management"],"description":"Ideas Happen Here\u2122. Work with RBC Wealth Management's UK advisers to turn your ideas into the future you want \u2014 with tailored wealth solutions from over 30 offices across the UK."},{"@type":"Person","@id":""}]}},"jetpack_featured_media_url":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-content\/uploads\/sites\/23\/2023\/10\/6012_2177_x_729.jpg","publishpress_future_action":{"enabled":false,"date":"2026-08-02 11:06:43","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"RBC Wealth Management United Kingdom","distributor_original_site_url":"https:\/\/www.rbcwealthmanagement.com\/en-uk","push-errors":false,"last_revision_date":"2025-05-15 08:44:51","_links":{"self":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/posts\/42742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/users\/145"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/comments?post=42742"}],"version-history":[{"count":6,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/posts\/42742\/revisions"}],"predecessor-version":[{"id":42778,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/posts\/42742\/revisions\/42778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/media\/42770"}],"wp:attachment":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/media?parent=42742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/categories?post=42742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/tags?post=42742"},{"taxonomy":"rbcwm_content_owner","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_content_owner?post=42742"},{"taxonomy":"rbcwm_need","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_need?post=42742"},{"taxonomy":"rbcwm_segment","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_segment?post=42742"},{"taxonomy":"rbcwm_solution","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_solution?post=42742"},{"taxonomy":"rbcwm_topic","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_topic?post=42742"},{"taxonomy":"rbcwm_channel","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_channel?post=42742"},{"taxonomy":"rbcwm_format","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-uk\/wp-json\/wp\/v2\/rbcwm_format?post=42742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}