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NICO

National Insurance Contributions Office

NISPI

National Insurance Service to the Pensions Industry

NRD

Normal Retirement Date (variations - Normal Retirement Age/Normal Pension Date/Normal Pension Age)

Normal Pension Age

Often used interchangeably with terms such as Normal Pension Date, Normal Retirement Date and Normal Retirement Age. Usually used to specify the normal date at which a member becomes eligible for a normal retirement pension under the scheme's rules. Normal Pension Age, for example, also has a statutory meaning, in effect, the earliest age at which a member may take benefits without reduction or the need for consent.

Normal Minimum Pension Age

The earliest at which a member of a Registered Pension Scheme can take benefits (age 50 until April 2010, then age 55).

Notifiable Events

The Pension Regulator has listed a number of events which must be notified automatically by either the employer or the trustees.

Articles

RIP Trusts? Long Live Family Partnerships?

It seems that trusts are viewed currently as the source of all tax-planning evil. A series of legislative changes have made trusts extremely unattractive for wealthy UK clients. This article summarises the current status of trusts in UK tax planning before reviewing the proposed alternative of family partnerships. To what extent can partnerships be used to replicate trust planning?

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