RPSM09103000 - Technical pages: member benefits: an alternatively secured pension: contents

This guidance only covers members who became entitled to an alternatively secured pension before 6 April 2011. If the member reached age 75 between 22 June 2010 and 5 April 2011 you should also read the guidance in RPSM17100000 onwards.

If the member reached age 75 on or after 6 April 2011 then see the guidance at RPSM09103500.

An alternatively secured pension before 6 April 2011 and transition to drawdown pension

On 6 April 2011 the terms used to describe alternatively secured pensions changed:

  • alternatively secured pension became drawdown pension, and
  • an alternatively secured pension fund became a drawdown pension fund.

The maximum amount of drawdown pension that may be paid in a pension year is 100 per cent of the ‘basis amount’. The member’s maximum drawdown amount must be reviewed every year whilst the member is 75 or older.


RPSM09103010 Payment of an alternatively secured pension after age 75 before 6 April 2011 and transition to drawdown pension
RPSM09103020 An example of how an alternatively secured pension comes into payment at age 75
RPSM09103030 Limit where entitlement to an alternatively secured pension first arises under an arrangement before 6 April 2011 and transition to drawdown pension
RPSM09103040 An alternatively secured pension year
RPSM09103050 Alternatively secured pension limits generally
RPSM09103060 Review of alternatively secured pension limits
RPSM09103070 Sixty-day window for review of the alternatively secured pension limit
RPSM09103080 Where additional funds are added to the alternatively secured pension fund
RPSM09103090 Purchase of a lifetime annuity contract from an alternatively secured pension fund (or application of such funds to provide a scheme pension)
RPSM09103100 Entitlement to alternatively secured pension arising after age 75
RPSM09103105 Alternatively secured pension fund arising from a pre 6 April 2006 benefit entitlement
RPSM09103108 Member cannot be traced at age 75 before 6 April 2011 and transition to drawdown pension
RPSM09103110 Alternatively secured pension limit in the year of death
RPSM09103120 Guaranteeing an alternatively secured pension
RPSM09103130 An example of how a guarantee works with an alternatively secured pension
RPSM09103140 Taxation of an alternatively secured pension
RPSM09103150 Where the alternatively secured pension limit is breached
RPSM09103160 Transfer of an alternatively secured pension fund
RPSM09103170 Benefits that can be provided from any remaining alternatively secured pension fund on the death of the member (after age 75)