Complex sentence: Introduced at A-day an individual is allowed to take benefits from their Pension up to the Lifetime allowance limit.Any Benfits taken that exceed this Lifetime allowance will be subject to a tax charge.
Split into simpler sentences: Introduced at A-day an individual is allowed to take benefits from their Pension up to the Lifetime allowance limit. Any Benefits taken that exceed this Lifetime allowance will be subject to a tax charge.