Small Self Administered Scheme - Benefit Rules

Benefit Rules

The pension benefits payable include a tax free cash sum from age 50/55; plus a pension income paid from the pension scheme. On death the benefits may be paid out to beneficiaries, special rules apply on death after age 75. There is no requirement to purchase an annuity. http://www.hmrc.gov.uk/manuals/rpsmmanual/rpsm09100300.htm

Read more about this topic:  Small Self Administered Scheme

Famous quotes containing the words benefit and/or rules:

    ... we’re not out to benefit society, to remold existence, to make industry safe for anyone except ourselves, to give any small peoples except ourselves their rights. We’re not out for submerged tenths, we’re not going to suffer over how the other half lives. We’re out for Mary’s job and Luella’s art, and Barbara’s independence and the rest of our individual careers and desires.
    Anne O’Hagan (1869–?)

    Each person calls barbarism whatever is not his or her own practice.... We may call Cannibals barbarians, in respect to the rules of reason, but not in respect to ourselves, who surpass them in every kind of barbarity.
    Michel de Montaigne (1533–1592)