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Policy Paper Published 20 Jul 2022 HM Revenue & Customs ↗ View on GOV.UK

Pension schemes: amendment to taxation of collective money purchase schemes

This measure changes the tax treatment of collective money purchase schemes in winding up.

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If you’re a member of a collective money purchase scheme that is winding up, this measure makes sure you can:

  • continue to be paid authorised pension payments
  • transfer to another pension scheme and receive drawdown pension