Pensions tax: transitional protection of pre-6 April 2006 pension rights
Resource type: Practice Note
Any UK jurisdiction, England, Scotland, Wales
Any UK jurisdiction, England
This practice note considers the transitional relief in the pensions tax regime which protects the rights that members of registered pension schemes built up before 6 April 2006. Specific areas covered include primary protection, enhanced protection, protected pension ages for those wishing to draw their benefits before age 55, lump sums exceeding 25% of the lifetime allowance and five-year lump-sum guarantees.