Key controls in the new regime

Under the new regime, there will be two key controls for all schemes namely:

• the annual allowance; and
• the lifetime allowance.

Other key features of the new regime will be that:

• it will no longer be necessary to leave employment to access an employer provided pension scheme;
• it will no longer be necessary for employees to choose between membership of a personal pension and an employer provided pension scheme - they will be able to join any type and any number of pension schemes at any time.