(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)
The most commonly used index for calculating cost of living
increases is the Government's Index of Retail Prices (see Appendix
to this Part). If any other index is proposed ask the practitioner
to explain why it is considered more appropriate. Refer the case to
the Section Manager when a reply is received. The general principle
to be followed is that increases should protect the real value of
the pension's purchasing power (see
PSI6.4.35).
