Fixed Protection definition

Fixed Protection means, in relation to an individual, the Act having effect in his case as if the standard lifetime allowance were the greater of the standard lifetime allowance and a fixed amount specified by the Act.
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Fixed Protection means that (where you have a valid Certificate from HMRC) the value of your benefits at the time they are crystallised, will be measured against a specific amount of Lifetime Allowance from the effective date, provided that no contributions or other Pension Inputs (in relation to defined benefit schemes) have been made for you to your SIPP, or any other registered pension scheme of which you are or have been a member.
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Fixed Protection means, in relation to an individual, the Act having effect in his case as if the standard lifetime allowance
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Examples of Fixed Protection in a sentence

  • Also, if you already have large pension savings and previously registered for either Fixed Protection or Enhanced Protection status with HMRC then you should be aware that joining a pension scheme with the BBC may cause you to lose the benefit of your Fixed or Enhanced Protection in the future.

  • The Company therefore agrees not to enrol the Executive in the Plan or any other pension scheme at any time after the Executive has informed the Company that he has Fixed Protection 2016, The Company agrees in the meantime that it will not enrol the Executive into the Plan or any other pension scheme unless it is compelled to do so by law or the parties agree in writing otherwise.

  • It was agreed that funds should be communicating with members now about the need to opt out before 6 April 2016 if applying for Fixed Protection 2016.

  • The Company acknowledges that once the Executive has informed the Company that he has Fixed Protection, under Regulation 5D of the Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010 it does not need to automatically-enrol or automatically re-enrol the Executive into a pension scheme.

  • The Company acknowledges that once the Executive has informed the Company that he has Fixed Protection 2016, under Regulation 5D of the Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010 it does not need to automatically-enrol or automatically re-enrol the Executive into a pension scheme.

  • You have provided the Company with a certificate from HMRC, which confirms that you are protected for tax purposes under HMRC’s Fixed Protection 2014 requirements.


More Definitions of Fixed Protection

Fixed Protection means, in relation to an individual, the Act having effect as if the
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Related to Fixed Protection

  • Cathodic protection means a technique designed to prevent the corrosion of a metal surface by making that surface the cathode of an electrochemical cell. For example, protection can be accomplished with an impressed current system or a galvanic anode system.

  • Fire Protection means all aspects of fire safety including but not limited to fire prevention, firefighting or Fire Suppression, pre-fire planning, fire investigation, public education and information, training or other staff development;

  • MFN Protection has the meaning set forth in Section 2.14(e)(iii).

  • Plant Protection Gas means the minimum volumes required to prevent physical harm to the plant facilities or danger to plant personnel when such protection cannot be afforded through the use of an alternate fuel. This includes the protection of such material in process as would otherwise be destroyed, but shall not include deliveries required to maintain plant production. A determination will be made by the Seller of minimum volumes required. Such essential volumes will be dispatched accordingly.

  • Wellhead protection area means the surface and subsurface area surrounding a water well or well field that supplies a public water system through which contaminants are reasonably likely to migrate toward the water well or well field.