(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)
Pension benefits from AVC funds may be guaranteed for up to 10
years, from the start of pension from the AVC fund.
The guarantee period for pension from the AVC fund may differ
in length from the guarantee period for pension employer funded
benefits. The two guarantees run independently of each other.
Payments under guarantee are subject to the usual requirements in
PSI Part 12.
