Keeley Paddon: What are the key points of Pensions Schemes Newsletter 78?

At the end of May, HM Revenue & Customs (HMRC) issued Pensions Schemes Newsletter 78 - and it was substantial, to say the least. I would always recommend reading HMRC updates in full but, until you have enough time to tackle it yourselves, here is a summary of the key points. Serious ill-health lump sums - the rules have changed again The Finance Bill, introduced to Parliament on 12 April 2016, extends the circumstances in which a serious ill-health lump sum may be taken. Currently, even if the other criteria are met, a serious ill-health lump sum cannot be taken from an arrangement ...