Archive for November 2005

Brian Spence

Pension simplification is becoming widely regarded as anything but simple and this impression was not helped by the recent publication of technical pages in the Registered Pension Scheme Manual on the Inland Revenue website.

Up to this point the one thing that did appear simple was that in order for a member to benefit from enhanced protection of their pre 5th April 2006 pension entitlement they could not accrue any further benefits under any arrangement post this date. However, the guidance now provided would appear to allow continued membership of final salary schemes and cash balance arrangements with additional contributions and further benefit accrual allowable within certain limits. Read more »

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