PSI6.4.10 - Total Benefits On Retirement At Normal Retirement Age: Pensionable Remuneration and Final Remuneration - Permitted Maximum - Connected Schemes

(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)

[PN7.15 & Glossary]

Similarly, where an employee is, or has been, concurrently employed by two associated employers for a period, no matter how short, and that period counts under both sponsoring employers' schemes as pensionable, the period counting under one scheme for service with one employer and under the other scheme for service with the other employer, then again remuneration in respect of the employments is restricted in aggregate to the permitted maximum.

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