If you had unauthorised payments to your pension in the remedy period, find out how the public service pensions remedy (known as McCloud) could have affected these.
The tax rules specify the conditions that need to be met for payments to be authorised. Any payment that does not meet these conditions is an unauthorised payment . Common examples of when payments are classed as unauthorised include: taking a pension commencement lump sums of more than 25% of your pension pot, known as an excess lump sum most lump sum payments to cash-in or access pension funds before you are 55, except: when the member retires due to ill health if before 6 April 2006, the member had the right under the pension scheme to take their pension before they were 55 where the maximum lump sum payable under the scheme rules is more than the maximum permitted pension commencement lump sum
How unauthorised payments are affected by the public service pensions remedy
retrieved:
If you had unauthorised payments to your pension in the remedy period, find out how the public service pensions remedy (known as McCloud) could have affected these.
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