Early leavers—preservation — 2022
Published by a LexisNexis Pensions expert
Last updated on 12/08/2022

The following Pensions practice note provides comprehensive and up to date legal information covering:

  • Early leavers—preservation
  • Preservation requirements
  • Which schemes do the preservation requirements apply to?
  • No discrimination between short service benefit and long service benefit
  • Qualifying for short service benefits
  • Conditions to satisfy
  • Early leavers who don't qualify
  • Informing early leavers of their rights
  • The disclosure requirements
  • Penalties
  • More...

Early leavers—preservation

FORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension schemes).
The Finance Act 2022 will also give members of registered pension schemes a right to take their benefits before age 57, if on or before 4 November 2021 they either had an ‘unqualified right’ to take benefits or were in the process of a substantive transfer to a scheme offering an unqualified right to a protected pension age of less than 57 on or before 4 November 2021. To benefit from this new 2028 protection, the rules of the pension scheme must have included (on 11 February 2021) an unqualified right to take the entitlement to scheme benefits before age 57.
For further information, see Practice Note: Increasing the normal minimum pension age (NMPA) to 57—pensions impact.


In this Practice Note, references to the trustees of a scheme include a manager of that scheme.

Preservation requirements

Occupational pension schemes are required by statute to provide certain benefits for active members when their pensionable service ends before normal pension age (ie to preserve benefits for them in the scheme). Members who leave a scheme (ie cease to

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