PSI6.5.82 - Total Benefits On Retirement At Normal Retirement Age: Maximum Total Benefits - Low Normal Retirement Age - Early Retirement

(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)

An immediate pension on early retirement (except for incapacity) is an unreal concept where the normal retirement age is very low. A rule which permits early retirement for reasons other than incapacity should not normally be accepted. Where the normal retirement age is 50 or more an early retirement rule may be acceptable but it should be limited to within 5 years of the normal retirement age.

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