SCHEDULES

[F1 SCHEDULE 10 E+W+S INFORMATION TO BE GIVEN ON THE PENSIONS GUIDANCE AND MEMBERS’ BENEFITS

Textual Amendments

F1 Sch. 10 inserted (6.4.2015) by The Occupational and Personal Pension Schemes (Disclosure of Information) (Amendment) Regulations 2015 (S.I. 2015/482), regs. 1, 14

Part 3 E+W+S Further information

12.   A statement that— E+W+S

(a) there may be tax implications associated with accessing flexible benefits;

(b) income from a pension is taxable; and

(c) the rate at which income from a pension is taxable depends on the amount of income that the person receives from a pension and from other sources.

13.   Where the member has accrued rights to flexible benefits that are not money-purchase benefits, has not reached normal pension age and does not satisfy the ill-health condition— E+W+S

(a) a statement that the value of the member’s accrued rights to flexible benefits is likely to be lower if the member accesses the benefits before normal pension age; and

(b) the age at which the member will reach normal pension age.]