PSI.Part9 - Service After Normal Retirement Date


(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)

Contents

Section 1 - General

Section 2 - Benefits Deferred To Actual Retirement (Discretionary Practice Pre -FA 89)

click here to return to contentsSection 1 – General

PSI9.1.1-2General
PSI9.1.3Low NRA
PSI9.1.4High NRA
PSI9.1.5-6Change of job at retirement age
PSI9.1.7Employee contributions
PSI9.1.9Post -FA 89 basis vesting date
PSI9.1.10- maximum benefits
PSI9.1.11- option for FA89 basis
PSI9.1.12- pension sharing on divorce
PSI9.1.13- calculation of the pension debit
PSI9.1.14- revaluation of the pension debit
PSI9.1.15Pre -FA 89  maximum benefits
PSI9.1.16- benefits taken in advance of actual retirement

click here to return to contentsSection 2 - Benefits Deferred To Actual Retirement (Discretionary Practice Pre -FA 89)

PSI9.2.1Pre -FA 89 members' accrual of extra benefits
PSI9.2.2Methods of giving extra benefits
PSI9.2.3actual retirement date replaces normal retirement date
PSI9.2.4additional N/60ths pension and 3N/80ths lump sum
PSI9.2.5: actuarial or cost of living increases pension
PSI9.2.6-7: lump sum
PSI9.2.9-11Partial deferment of benefits lump sum only taken before actual retirement
PSI9.2.17-18scheme rules
PSI9.2.19partial deferment of benefits