Commentary

31.5 Authorised payments by a registered pension scheme

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

31.5 Authorised payments by a registered pension scheme

| Commentary

31.5 Authorised payments by a registered pension scheme

Unlike the position before A Day when there were a variety of different rules1, the new regime provides that any registered pension scheme is only authorised to make certain payments to or in respect of a member of the pension scheme, the most significant being pensions permitted by the pension rules or the pension death benefit rules2, and lump sums permitted by the lump sum rule or the lump sum death benefit rule3. The same rules apply to all registered pension schemes of whatever type.

Perhaps the most significant of the pension rules

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