Protected rights | Practical Law

Protected rights | Practical Law

Protected rights

Protected rights

Practical Law UK Glossary 6-207-4963 (Approx. 4 pages)

Glossary

Protected rights

Until 6 April 2012, the part a member's pension rights in a contracted-out money purchase (COMP) scheme or an appropriate personal pension (APP) scheme that derived from rebates the member's employer and the member received on their national insurance contributions (NICs) were subject to special rules and known as "protected rights". The rules and restrictions relating to former protected rights were abolished on 6 April 2012.