Pensions tax: transitional protection of pre-6 April 2006 pension rights | Practical Law

Pensions tax: transitional protection of pre-6 April 2006 pension rights | Practical Law

This practice note considers the transitional relief in the pensions tax regime which protects the rights that members of registered pension schemes built up before 6 April 2006. Specific areas covered include primary protection, enhanced protection, 2010 protected pension ages for those wishing to draw their benefits before age 55, lump sums exceeding 25% of a member's pension rights and five-year lump-sum guarantees.

Pensions tax: transitional protection of pre-6 April 2006 pension rights

Practical Law UK Practice Note 1-208-3955 (Approx. 50 pages)

Pensions tax: transitional protection of pre-6 April 2006 pension rights

by Jonathan Sharp, Baker & McKenzie LLP and Practical Law Pensions
MaintainedEngland, Scotland, Wales
This practice note considers the transitional relief in the pensions tax regime which protects the rights that members of registered pension schemes built up before 6 April 2006. Specific areas covered include primary protection, enhanced protection, 2010 protected pension ages for those wishing to draw their benefits before age 55, lump sums exceeding 25% of a member's pension rights and five-year lump-sum guarantees.