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Archived: Checklist of pre‑6 April 2015 retirement income and lump sum options for defined contribution (DC) pension members

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ARCHIVED: This Checklist sets out information on retirement options for DC members prior to 6 April 2015. It is no longer maintained and is provided for background purposes only. For more information on retirement options for DC members, see Practice Note: Retirement options—DC members.

Pre-6 April 2015 pension payment options

Until 5 April 2015, a DC member’s pension pot could be applied to deliver one of the following pension payments:

  • scheme pension — a ‘scheme pension’ is either a pension paid straight from the scheme’s own funds by the scheme administrator, or a pension arranged with an insurance company selected by the scheme administrator. DC occupational pension schemes and personal pension schemes did not usually make a scheme pension available...
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Web page updated on 20/05/2026

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