| [Para 22(7)(b) Sch 36] |
Where the entitlement to a protected pension age arises from
membership of a
retirement benefits scheme or deferred annuity
contract (section 32 policy) before 6 April 2006 the protected
pension age will be lost if the individual is employed by certain
persons. This condition also cover those rights have subsequently
been transferred as part of a
block transfer to a
personal pension scheme.
The employment restriction applies where entitlement to
benefits arises after 5 April 2006. They do not apply where
entitlement to benefits was already in existence on that date.
The type of restriction depends on whether the
individual’s protected pension age on 5 April 2006 is to an
age
Whichever age group the protected pension age falls in
protection will be lost where the main purpose (or one of the main
purposes) for early entitlement to benefits using a protected
pension age is to avoid paying tax or national insurance
contributions.
RPSM03106063 describes the
circumstances in which someone with a protected pension age below
age 50 could lose that protection.
RPSM03106064 to
RPSM03106065 describe the
circumstances in which someone with a protected pension age of 50
to 54 could lose that protection.
| Glossary ( RPSM20000000) |
