Pension schemes: benefits on retirement

This note explains the law and practice regarding the key benefits available to members of occupational pension schemes in normal, early or late retirement, including the right to take a tax-free cash lump sum and the situations in which a pension may be commuted in its entirety. In addition, the note provides guidance on the increases that are payable in respect of pensions in payment (indexation), PPF compensation and the benefits available under NEST.


 

The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.

Free trial

A free trial will give you:

Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area
 

Login

Subscribers and trialists can login below

Contact Us

If you need assistance logging in or have any questions about our services, please contact us.

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247356805089", "objName" : "Pension schemes benefits on retirement", "userID" : "2", "objUrl" : "http://us.practicallaw.com/cs/Satellite/us/resource/5-502-1740?source=relatedcontent", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-4c32090e:149dc29235a:-41be", "analyticsSessionCookie" : "2-4c32090e:149dc29235a:-41bd", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }