RPSM03101085 - Technical Pages: Protecting pension rights from tax charges: Valuing pension rights at 5 April 2006: Insurance policies

Uncrystallised pension rights: valuing insurance policies

The Association of British Insurers (ABI) has agreed a protocol for the valuation of insurance policies (including with-profits policies) with HMRC. This is not a detailed prescriptive method of valuing policies; it is a broad framework. Insurance policies should be valued in accordance with the ABI protocol.

Any question on the valuation of insurance policies as at 5 April 2006 should be raised with the insurer providing the policy.