(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)
Section 1 - General
Section 2 - Refunds Of Contributions
Section 3 - Deferred Benefits
Section 4 - Deferred Benefits Under Individual
Policies (Buy-Out Policies)
Section 1 – General
| PSI13.1.1-2 | Background |
| PSI13.1.3 | Choices available to early leavers |
| PSI13.1.4 | Preservation |
| PSI13.1.5 | - early leaver |
| PSI13.1.6 | - qualifying service |
| PSI13.1.7 | - short service benefit |
| PSI13.1.8 | Revaluation |
| PSI13.1.9 | Alternatives to SSB - cash equivalent |
| PSI13.1.10 | Other alternatives |
| PSI13.1.11 | : option available for short service benefits |
| PSI13.1.12 | Contracting-out |
| PSI13.1.13 | - interaction with PSO requirements |
Section 2 - Refunds Of
Contributions
| PSI13.2.1 | General |
| PSI13.2.2 | Refunds |
| PSI13.2.3 | Contributions for widow(er)s' benefits |
| PSI13.2.4 | Re-admission to scheme membership |
| PSI13.2.5 | Leaving scheme without leaving employment |
| PSI13.2.6 | - transfer payments |
| PSI13.2.7 | Date of payment-change of mind |
| PSI13.2.8 | Addition of interest |
| PSI13.2.9 | Continuation of life cover after taking a refund on redundancy |
Section 3 - Deferred
Benefits
| PSI13.3.1 | General |
| PSI13.3.2 | Short service benefits |
| PSI13.3.3 | - even accrual |
| PSI13.3.4 | Uniform accrual |
| PSI13.3.5 | Maximum deferred benefits - defined benefit schemes post-Finance Act 1989 |
| PSI13.3.6 | Opting out of scheme on or after NRD |
| PSI13.3.7 | Maximum deferred benefits - defined benefit schemes pre-Finance Act 1989 |
| PSI13.3.7 | - schemes approved pre-27.7.1989 |
| PSI13.3.8 | Revaluation of deferred benefits |
| PSI13.3.9-12 | Money purchase schemes |
| PSI13.3.13 | Retained benefits |
| PSI13.3.14 | -Deferred lump sum general |
| PSI13.3.15 | - limit on benefit : basic benefits |
| PSI13.3.16 | : uplifted benefits |
| PSI13.3.17 | Revaluation of deferred lump sums |
| PSI13.3.18 | Return to pensionable service |
| PSI13.3.19 | Permissible dates of payment of deferred benefits |
| PSI13.3.20 | Mixed benefits – general |
| PSI13.3.21 | - pre-6 April 1975 service |
| PSI13.3.22 | - contracted-out schemes |
| PSI13.3.27 | Change of option |
| PSI13.3.30-31 | Death benefits during period of deferment |
| PSI13.3.32 | Pension sharing on divorce |
| PSI13.3.33 | - calculation of the pension debit |
| PSI13.3.34 | - lump sums |
Section 4 - Deferred Benefits
Under Individual Policies (Buy-Out Policies)
| PSI13.4.1 | Bought-out benefits |
| PSI13.4.2-4 | Assignment of scheme policies to employee |
| PSI13.4.5 | Required provisions |
| PSI13.4.6-8 | Discharge of liability |
| PSI13.4.9-10 | Permitted provisions |
| PSI13.4.11 | Surpluses under buy-out contracts |
| PSI13.4.12 | Voluntary clearance facility |
| PSI13.4.13 | Required provisions - Pensions on divorce |
| PSI13.4.14 | Pensions on divrce |
| PSI13.4.15 | - revaluation of lump sum |
