Updates to registered pension schemes manual
The registered pension schemes manual has been updated. The manual is a detailed online repository which provides guidance on tax legislation for registered pension schemes effective from 6 April 2006.
The main areas of the manual that have been changed are:
- A new chapter 17 covering the interim rules for those reaching age 75 on or after 22 June 2010
- A new chapter 19 covering the treatment of certain payments made by the Financial Assistance Scheme
- Amendments to chapter 15 (special annual allowance) to cover the reduction of the relevant income limit to £130,000.
A significant number of other changes have also been made.