Registered Pension Schemes (Relevant Income) Regulations 2011 come into force
Implementation date: 11 August 2011
The Regulations set out payments that do not count as relevant income for the purpose of meeting the minimum income requirement under the flexible drawdown rules in the Finance Act 2004. The Act introduces a flexible drawdown facility for pension scheme members providing certain conditions are met, including that the member meets a minimum income requirement. The Regulations can be viewed on the UK legislation website.