(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)
An employer may be prepared to lend money to an employee to
buy a house or to arrange for the trustees of a pension scheme to
do the same. This may be acceptable subject to the instructions at
PSI1.3.50. But subject to
PSI8.1.11, the employee must not assign
or mortgage his or her future rights to scheme benefits on
retirement (either the lump sum or the pension element) as security
or partial security for such a loan (see also
PSI6.1.22).
