Company Pension, A-day, and Age discrimination

The BBC is today reporting that some new pension rules are being delayed until December 1. Further, the article suggests that Industry (employers and/or finance companies) are seeking changes to the previously proposed rules. The government is allowing more consultation:

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Do the rules, today, allow a lady, age 61, to take her small, defined-contribution company pension(s) while continuing to work for a very small firm of fewer than 5 employees? She has 3 non-state pension funds - one from a previous employer, a smaller one now closed from her present employer, and a stakeholder pension fund of her own. She already receives an 'old-age pension' from the state.

Can she take any or all of these today, and continue working? She thinks that that was one of the A-day changes, to encourage people to continue in work.

As a supplementary, anyone know if the new rules as in the BBC article, or changes sought by Industry, are likely to affect what she can do from December 1?

______________ best wishes, Ron

Reply to
Ronnie
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Well, for starters, I'd take it from the horses mouth rather than a third party - . The links their will help you investigate further.

Daytona

Reply to
Daytona

I read the HMRC page but am none the wiser. Anyone able to provide a lucid explanation?

Reply to
Stickems.

Thanks - I used the Pensions advisory service site

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which more or less answered most of the queries about the 61 yr old lady, well, other than the stakeholder.

But I still don't understand what the new 'mini consultation' mentioned in the press release is about, nor whether something might happen that would benefit or disadvantage the lady in December.

______________ best wishes, Ron

Reply to
Ronnie

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