- Pension scheme members not entitled to annual increases above IR cap (Coats UK Pension Scheme Trustees Ltd v Styles)
- What are the practical implications of the judgment?
- What was the background?
- What did the court decide?
Pensions analysis: Paul Newman QC, barrister at Wilberforce Chambers, examines a High Court decision that the respondent members of a pension scheme, which had been approved by the Inland Revenue (IR), pursuant to Chapter 1 of Part XIV of the Income and Corporation Taxes Act 1988, were not entitled, following the repeal of those provisions, to annual increases above the limits that had been imposed by the IR before that repeal.
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