PSI24.2.3 - Pension Credit Benefits –
Limits on Benefits payable to ex-spouse – pension –
income drawdown
(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)
[PN6A.4]
When a pension becomes payable from pension credit rights it
can be
- secured by the purchase of an annuity,
or
- paid under an annuity purchase deferral
and income drawdown arrangement that meets the requirements of
Appendix XII of PN, or
- paid from the scheme resources –
this would only apply in the case of a large self- administered
scheme.
