Pension Minimums to Remain Halved
The government has announced that the 50% reduction in pension minimums, adopted for the 2020/2021, year is to be extended for the 2021/2022 year.
Users of our Toolbox will be able to access a reasonable estimate of each member’s 2022 minimum pension amount from 1 July 2021. This estimate will become actual when the relevant 2021 fund accounts are completed.
Alliance Partners who have not yet considered our free auto commutation service for benefits drawn over the minimum pension limit are urged to do so.