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Jargon Buster

Unsecured Pension

A feature of the FA04 regime, in which payment of income withdrawals from a money purchase arrangement (or income paid from a short term annuity contract purchased from such an arrangement) is made to a member who is less than age 75.

Unauthorised Member Payment

With remarkable logic, HMRC tells us this is any payment which is not an authorised member payment or a payment which is deemed to be an unauthorised payment. There are unwelcome payments to HMRC triggered where unauthorised payments are made.

UEL

Upper Earnings Limit

Articles

Preparing for the upcoming age discrimination legislation

Although implementation of the age discrimination legislation may seem some way off, employers would do well to start preparing early, for example, by carrying out an audit of age related policies.

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