From: neil@invidion.co.uk
Newsgroups: uk.finance
Subject: Re: schedule of pension arrangements
Date: 8 May 2006 03:55:20 -0700
   posting-account=f0YIrg0AAAARxP4nJijkyA_2eBXCEEJZ

Errr, I forgot about this little point.....

But on a more theoretical angle, I wonder what the point of this
actually is.

Surely it is irrelevant how much your pension funds are worth, as the
'lifetime limit' only applies when you 'crystalise' the funds (i.e.
take the benefits).

Therefore, if I have =A32,000,000 worth of pension funds in a couple of
years time, and I have not exercised the right to Protection of pre
A-Day benefits (lets assume that they were well below =A31,500,000
before A-Day) surely that is no reason to actually block a transfer
from one provider to another. The only problem I should face is the
recovery charge if I chose to take the benefits.

Even if there is no sensible point to this, what is the subtext behind
this ?

Thanks
Neil.