PSI25.1.10 - Flexibility in Pension Provision – Introduction - Non- Standard Documentation

(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)

Schemes with non-standard documentation may draft their own rule amendments to adopt the flexibility provisions. The draft rule amendments should be submitted to IR SPSS for approval before execution. Refer any such amendments to PSTA for examination.

Alternatively, scheme trustees may adopt the provisions by executing the following rule amendment:

"Notwithstanding anything to the contrary in the scheme documentation the options in Parts I, II and III of Appendix XII dated 08/2001 of IR 12 (2001) may be applied to the benefits of scheme members with the consent of the Trustees."

It is the responsibility of scheme trustees to ensure that the execution of the model rule amendment is compatible with the scheme's existing powers of amendment.