(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)
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
[PN7.25]
Accrual rates in excess of N/60ths are often a feature of
schemes for highly paid employees, for example, management grade
staff in some insurance companies and banks. A typical rate is
N/45ths with a maximum of 30 years’ service to count.
