RPSM11101180 - Technical Pages:
Lifetime allowance: Level of lifetime allowance: Reduced lifetime
allowance
Where an individual’s lifetime allowance level is reduced
at a BCE
| [s218(6)][Paras 19 and 21, Sch 36][ss219(8)][Para 20, Sch
36] |
There are two circumstances where a member’s available
lifetime allowance at a particular
BCE will be reduced.
These are where a member
- draws benefits before age 50 under a
registered pension scheme because they have a
protected pension age (see
RPSM11101190), or
- becomes subject to their first BCE, and
has a pension (or pensions) in payment which started before 6 April
2006 (a pre-commencement pension) (see
RPSM11101200).
