There is a limit to the total overall value of your pension benefits that you can build up over your lifetime. This is called the lifetime allowance and exceeding it will trigger an additional tax charge.
Here are five key things to know about it:
There is more information about the lifetime allowance on the government's website here.
If you are thinking about taking your benefits and you think you may have exceeded the lifetime allowance, the first thing to do is to speak to your accountant or a specialist pensions adviser who can offer impartial financial advice.