RPSM03108015 - Technical Pages: Protecting pre 6/4/06 pension rights from tax charges: Pension credit rights: Primary protection

Pension credits and primary protection

An individual who became entitled to a pension credit before 6 April 2006 but who has also notified HMRC that they are claiming primary protection cannot have a pre-commencement pension credit factor. This is because the benefits the individual has protected under primary protection should include the value of the pension rights from the pension credit. The primary protection factor the individual has received will incorporate the pre-commencement pension credit element.