PSI6.5.52 - Total Benefits on Retirement at Normal Retirement Age: Maximum Total Benefits - Retained Benefits - Disregard

(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)

If it has been established when an employee joins the scheme that a retained benefit check is not necessary because the earnings test is satisfied, no further test will be needed when benefits from that scheme come into payment. Each time that an employee joins a scheme of a different employer (but excluding a scheme of a new employer who has taken over or merged with the old employer and where the employee’s job remains unchanged) the test must be satisfied afresh otherwise the normal requirements of establishing details of retained benefits must be applied.

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