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In Dr J Gibson (deceased) vs HMRC [2020] TC07916, the First Tier Tribunal (FTT) allowed the taxpayer’s late claim for pension enhanced protection finding the taxpayer had a reasonable excuse and had notified HMRC of the claim without unreasonable delay.

Where an individual has pension savings valued in excess of the LTA, the excess funds are subject to tax charges when pension benefits are crystallised.

The FTT allowed Dr Gibson’s appeal, finding that:

Useful guides on this topic

Pensions: tax rules and planning
This guide provides a summary of the tax rules and planning opportunities surrounding pensions. 

Grounds for Appeal: Reasonable excuse
What is considered to be a 'reasonable excuse' when a taxpayer makes an appeal?

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Dr J Gibson (deceased) vs HMRC [2020] TC07916