PSI8.1.9 - Lump Sum Benefits and Communication: Maximum Lump Sum Benefits - Augmentation Rule

(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)

When examining scheme rules make sure that an augmentation rule does not permit lump sums to be paid after retirement. In a scheme which provides only lump sum benefits the power to augment benefits after retirement is not appropriate.

Contact: | Date issued: | Next review: