Sharon is a member of two registered pension schemes. She receives no benefits from either scheme until
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Sharon is a member of two registered pension schemes. She receives no benefits from either scheme until 19 March 2014, when she takes a lump sum of £900,000 from one of her schemes. On 5 January 2021 she takes a lump sum of £500,000 from the other scheme.
Calculate the lifetime allowance charge arising from these two events.
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