{"id":1191,"date":"2015-03-03T09:28:20","date_gmt":"2015-03-03T09:28:20","guid":{"rendered":"http:\/\/www.newsfin.co.uk\/news\/?p=1191"},"modified":"2015-03-03T09:28:20","modified_gmt":"2015-03-03T09:28:20","slug":"payment-options","status":"publish","type":"post","link":"https:\/\/www.absolutefinance.net\/wordpress\/?p=1191","title":{"rendered":"Payment options"},"content":{"rendered":"<h3>Defined benefit pension schemes beyond 6 April 2015<\/h3>\n<p>The transitional rules on triviality and small pots will continue to apply to defined benefit pension schemes beyond 6 April 2015. The minimum age for accessing pension savings in this way will reduce from 60 to 55.<!--more--><\/p>\n<p>This only applies if a member is taking their pension commencement lump sum (sometimes called a &#8216;tax-free lump sum&#8217;) before 6 April 2015 and the associated pension before 6 October 2015. For the lump sum to be paid tax-free, the member must, within certain time limits, have a pension associated with the lump sum.<\/p>\n<p>Depending on how they want to access their remaining pension savings after taking a lump sum, they may have to wait until further new rules take effect from 6 April 2015. This does not cover the changes that will take effect from 6 April 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Defined benefit pension schemes beyond 6 April 2015 The transitional rules on triviality and small pots will continue to apply to defined benefit pension schemes beyond 6 April 2015. The minimum age for accessing pension savings in this way will reduce from 60 to 55.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[128,67],"tags":[],"_links":{"self":[{"href":"https:\/\/www.absolutefinance.net\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/1191"}],"collection":[{"href":"https:\/\/www.absolutefinance.net\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.absolutefinance.net\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.absolutefinance.net\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.absolutefinance.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1191"}],"version-history":[{"count":0,"href":"https:\/\/www.absolutefinance.net\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/1191\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.absolutefinance.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.absolutefinance.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.absolutefinance.net\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}