(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 ban on surrender, assignment etc. in section 590(3)(d)
ICTA 1988 applies to pensions including any lump sum obtained by
commutation of pension. It does not apply where the lump sum is not
derived from commutation of pension but is provided separately as
described in
PSI6.5.3 (see also
PSI6.1.22). Such a lump sum
could therefore be paid, for example, directly into a Court under a
Court Order provided the payment is not made prior to the member's
actual retirement
