skip to content

Jargon Buster

NICO

National Insurance Contributions Office

NISPI

National Insurance Service to the Pensions Industry

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).

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.

Notifiable Events

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

NRD

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

Articles

New UK residence rules

The UK Government plans to introduce a new residence test. The aim originally was to bring these new rules into effect from 6 April 2012, but this has now been postponed to 6 April 2013. This is a summary of the current proposals, as amended by the draft legislation that was published in December 2012. It is possible the rules could be changed again before they come into force.

Read more

Latest News

COVID-19 Update

At PWT Advice LLP we are closely monitoring the global impact of the current COVID-19 pandemic and following the advice of the Government. The health and welfare of our staff team, clients, and their families is our number one priority.

Read More