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Technical information

Pensions can be complex and confusing, especially when they are involved in life stages and events. Find out more about those tricky pension issues you might need help with. This is our understanding of current practice and legislation. We can’t give advice - always speak to an adviser.

Helping you with tricky pension issues

Annual Allowance

You have a tax-free limit on how much you can save or earn in a pension each tax year.

Money Purchase Annual Allowance

If you start to take money ‘flexibly’ from a DC pension, the amount you can pay into a pension and still get tax relief...

Annual Allowance - Scheme Pays

In certain situations, you can ask us to pay the tax charge from your pension. This is called ‘Scheme Pays’.

Tapered Annual Allowance

If you are a ‘high earner’ your tax-free limit could be lower. This is called Tapered Annual Allowance.

Divorce and Dissolution

Your pension might be one of the biggest assets you have, along with your home. You can split pensions several ways.

Family leave

It is worth finding out what happens to your pension while you are on maternity or paternity leave.

Lifetime Allowance (now abolished)

Lifetime Allowance was the limit on how much you can earn or save across all your pensions during your working life before...

Powers of Attorney

A Power of Attorney is a legal document that lets you appoint or more people to act on your behalf.

Small Pension Lump Sums

If your pension is worth less than £10,000 we can pay this to you as a one-off lump sum.

Tax-Free Allowances

Three new Tax-Free Allowances were introduced when Lifetime Allowances were abolished.

Here are more topics to discover...

Trivial Commutation

If you have a defined benefit pension which is worth £30,000 or less, we might be able to pay this to you as cash.

Uncrystallised Funds Pension Lump Sums

If you have a defined contribution pension, we can pay this to you as a one-off lump sum.

Unpaid leave and sick leave

It is important to know what happens to your pension while you are on statutory sick leave, or take unpaid leave.

Explore further

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Moments that matter

We've compiled useful information about how your pension may be affected when you have those life moments that really matter.

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Pension schemes

Find the type of pension you have and see how you can make the most of it.

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For Employers and Responsible Bodies

We have gathered information and best practice to help you manage your employees' or stakeholders' pensions.