Relevant Benefit Accrual Test- Enhanced Protection

amelia1983

Hi everyone!

Can anyone explain how the earnings recalculation test works within the relevant benefit accrual test? Does it apply if the member left the scheme a while ago?

I am trying to work out if a client with lose their enhanced protection by transferring their DB scheme. I have calculated the indexed amount but believe there are two tests that are required.

Any input would be greatly appreciated and apologies if this is a very simple question!

Thanks :-)

benjaminfabi

Hi,

There is a really good article on this at Pru adviser:

https://www.pruadviser.co.uk/knowledge-literature/knowledge-library/enhanced-protection/#section-7