Question: what is the difference between individual and fixed protection 2016?
Answer: Both can still be applied for providing the eligibility criteria can be met. Fixed Protection 2016 (or FP16) – protects benefits up to £1.25m. Individual Protection 2016 (or IP16) protects benefits up to an individual's protected lifetime allowance (dependent on the value as at 5 April 2016) between £1m and £1.25m.