(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
Where the NRD of a group of employees is genuinely changed to
a lower age there is sometimes a problem over those employees who
have passed the new NRD but not reached the old one. Ideally the
rule amendment which introduces the change should cover the
position of these employees and you can accept any reasonable
proposal. But the amendment should not give extra "late retirement"
benefits to a member subject to the pre-Finance Act 1989 basis for
late retirement (see
PSI9.1.1) who had passed the
new NRD when the rule change became effective.
