RPSM03106050 - Technical Pages: Protecting
pension rights from tax charges: Taking benefits before normal
minimum pension age: When there is no reduction in lifetime
allowance
Members with protected pension ages who are not subject to a
reduction in their lifetime allowance
[Para 19(3)(c) Sch 36 & Reg 2 The Registered Pension
Schemes (Prescribed Schemes and Occupations) Regulations 2005
– SI 2005/3451]
Certain schemes listed in the Registered Pension Schemes
(Prescribed Schemes and Occupations) Regulations 2005 give their
members a right to take pension and lump sum benefits below the
normal minimum pension age. These schemes are
- The Armed Forces Pension Scheme
- The British Transport Police Force
Superannuation Fund,
- The Firefighters’ Pension
Scheme,
- The Firemen’s Pension Scheme
(Northern Ireland)
- The Gurkha Pension Scheme,
- The Police Pension Scheme,
- The Police Service of Northern Ireland
pension Scheme, and
- The Police Service of Northern Ireland
Full Time Reserve Pension Scheme.
Where a member of such a scheme takes a pension or lump sum
benefits before the normal minimum pension age, there will be no
reduction in the individual’s
lifetime allowance (see
RPSM03106020).
