An extra statutory concession (ESCA95) was published on 11
October 1996 (see TINTAX - Press Release 159/96 for full details of
the text).
The ESC allows members of certain small lump sum retirement
benefits schemes, who have inadvertently been contributing at the
same time to personal pensions or retirement annuities, to keep
their personal plans provided they give up the retirement lump sum
from the occupational pension scheme for any period of dual
membership. If they choose to give up the occupational pension
scheme benefits and keep their personal pension/retirement
annuities, any PPR/RAR given may stand.
You are most likely to come across this with members of the
Building and Civil Engineering Benefits Scheme.
Any enquiries about the operation of the ESC should be
referred to
Service Delivery
Pension Schemes Services
Yorke House
Castle Meadow Road
Nottingham
NG2 1BG
Telephone 0845 600 2622
The procedures described in Re213 and Re294 continues to
apply in all cases of invalid contributions to personal
pensions/retirement annuities which are not covered by the ESC.
