As we have seen elsewhere in this book (and as summarised in Chapter 1), registered pension schemes enjoy a wide range of relatively generous tax reliefs. Tax relief costs the Treasury a great deal of money and the limits on its availability are therefore tightly circumscribed.

As a general rule, any payment (construed in the widest sense) made from a registered pension scheme must be regarded as an authorised payment if it is to avoid unauthorised payment charges that may fall on the member and/or the scheme administrator.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.