RPSM09101500 - Technical Pages: Member benefits: A secured pension: Scheme pension: Stopping or reducing a scheme pension: Contents
Stopping or reducing a scheme pension: Contents
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Circumstances where a scheme pension may be reduced or stopped |
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Where the member recovers from ill-health |
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Where a scheme wide reduction is applied |
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Where the scheme pension is a bridging pension |
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Reducing a scheme pension while the scheme is being wound-up |
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Reducing a scheme pension due to forfeiture of entitlement |
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Abatement of a scheme pension in a public service pension scheme |
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Circumstances where a scheme pension is not deemed to have been reduced or stopped |
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Consequences of reducing or stopping a scheme pension, other than in the exempted circumstances |
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The imposition of an additional unauthorised payments charge on the member following a substantial reduction of a scheme pension |
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The imposition of an additional unauthorised payments charge on the member where there are avoidance arrangements |
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An additional unauthorised payments charge can only be imposed once on an appropriate amount in relation to a single scheme pension entitlement |
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Example showing how the additional unauthorised payments charge is applied where a substantial reduction in the rate of scheme pension occurs in non-exempted circumstances |
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Example showing how the additional unauthorised payments charge is applied where avoidance arrangements occur |
