PSI13.2.2 - Withdrawal from Service: Refunds of Contributions Refunds

(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)

[PN10.45-46]

Refunds of contributions are completely governed by Social Security preservation and contracting-out requirements. In general schemes may not permit a refund of contributions in respect of service after 5 April 1975 once the qualifying conditions for Short Service Benefits (SSB) have been satisfied (see PSI13.1.7). In practical terms, this means that refunds of contributions are possible only where the member has completed less than 2 years' qualifying service. The circumstances in which a refund of contributions may be taken are fully set out in Appendix 1, JOM 78 and Part III JOM 96.

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