(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)
It is usual for scheme rules to express the limit as
“two thirds of the aggregate pension actually being received
by the member immediately before his death, or such greater amount
as will not prejudice approval of the scheme for the purposes of
Chapter 1 Part XIV ICTA 88”.
