Were the pension rights for the employment (or for each employment if more than one employment) within the maximum value permitted?

Where you have uncrystallised pension rights in a scheme that is funded or partly funded by an employer, the value of those pension rights must be tested against the maximum permitted pension MPP.

Before 6 April 2006 there were limits on the benefits that could be provided by an approved occupational pension scheme. This limit is defined in paragraph 9 Schedule 36 FA 2004 as the MPP. Where the value of your pension rights that have not come into payment, as calculated under paragraph 8 Schedule 36 FA 2004, are more than the value of the MPP, you cannot take rights above the MPP into enhanced protection. Rights above the MPP are known as excess rights.

For further guidance on the maximum permitted pension, refer to the Registered Pension Schemes Manual RPSM03101530. You can access the manual using the link in the left hand side bar.