(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)
Instead of setting up a separate scheme to cover redundancy
some employers augment the benefits payable from their main pension
scheme. This causes no difficulty where the augmented early
retirement benefits are within the normally approvable limits (see
PSI10.1.7and
PSI10.1.12). But early retirement
forced on an employee late in his or her career can cause hardship.
A concession is sometimes sought in such a case so that the normal
limit on early retirement benefits may be lifted. Where this
happens refer the case to the Assistant Controller.
Each request should be considered on its merits. The
decisions reached on individual cases are recorded on SF70/79.
