PSI14.2.58 - Transfer Payments: Benefits from Transfer Payments – Pension Sharing on Divorce – Lump Sum Certificate

(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)

Where an employee’s benefit entitlement in the transferring scheme is

• permanently reduced by a pension sharing on divorce order (see PSI3.5.4), and
• the pension debit must be taken into account for Revenue limits purposes (see PSI6.5.89)

the lump certification requirements described in PSI14.2.17 are modified. The certified amount must not exceed the relevant limits set out in PSI13.3.34.