Consequences when the minimum pension amount is not met

7 February 2023

Income streams/pensions

Where a retirement phase account-based pension (ABP) does not meet the relevant pension standards there are consequences for the fund and the member. These include reducing the fund’s claim for exempt current pension income (ECPI) and changing the mix of tax components of the pension interest. There will also be transfer balance account (TBA) implications. […]

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Consequences when the minimum pension amount is not met

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Consequences when the minimum pension amount is not met

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