A payment by a registered pension scheme that is not permitted by rules contained in the Finance Act 2004. For example, the payment of a pension before minimum pension age would be considered an unauthorised payment unless the member is in ill-health.
Sign up to our regular newsletter, for first-rate analysis and opinion on all matters affecting financial advisers. You can unsubscribe at any time.
You can also connect with us on social media by clicking on the icons below. We are on LinkedIn and Twitter.