If you are in the process of arranging an annuity with a pension fund containing Protected Rights and you are married or in a civil partnership, you are currently obliged to provide for a 50% dependent’s pension. From April 6th 2012 the requirement to include this requirement is being removed.
The threshold for payment of trivial commutation lump sums is being fixed at £18,000 rather than 1% of the Standard Lifetime Allowance (which falls from £1.8million to £1.5 million). This applies to the aggregate pension holdings (or deferred rights) of an individual excluding State pensions.
https://www.dfmadvice.co.uk/wp-content/uploads/2015/07/logo.gif00Tonyhttps://www.dfmadvice.co.uk/wp-content/uploads/2015/07/logo.gifTony2012-03-20 16:50:392012-03-20 16:50:39Tax Year End Planning: Pensions 2