Death benefits

Enhanced protection

Generally

Primary protection

Value of pre-commencement rights

Differences between old and new regimes

Enhanced protection

Earnings recalculation amount

Generally

Impermissible transfers

Indexed amount

Losing

Meaning of

Mixing the rules

New arrangements

Pension commencement lump sums

Permitted transfers

Relevant benefit accrual

Stand alone lump sums

Investments

Lifetime allowance

Enhanced protection

Exceeding the lifetime allowance

Generally

Primary protection

Scheme specific lump sum protection

Special occupations

Lump sums

Bases of

Generally

Occupational pension schemes, valuation at 5 April 2006

Need for

Pension commencement lump sums and enhanced protection

Primary protection

Protection

Generally

Post-5 April 2006

Pre-6 April 2006

Scheme-specific lump sums

Trivial lump sums

Valuation at 5 April 2006

Scheme-specific lump sums

Conditions for protection

Generally

Stand-alone lump sums

Trivial lump sums

Valuation

Special occupations

Transfers, lump sum protection

Valuation of benefits

At 5 April 2006

Cash balance scheme

Crystallised rights

Defined benefit schemes

Generally

Hybrid schemes

Other money purchase schemes

Retirement benefit schemes

Uncrystallised rights