CPPIB Cash in Lieu Allowance Guide

The Cash in Lieu Allowance Guide (Guide) has been produced to help members of staff understand the complex rules surrounding pension participation and allowances. This Guide has been prepared by CPP Investment’s Benefit Advisers, James Murray Associates (JMA). If you have any questions, please refer to JMA ’s contact details below:

David Keary (davidk@jmurray.co.uk) – 0208 642 3680 Nick Young (nyoung@jmurray.co.uk) – 0208 642 3680

Important Notes 1. CPP Investments (CPPIB) reserve the right to change or withdraw the Cash In Lieu Allowance Program at any time and without notice. 2. CPPIB fully encourages standard pension membership (default option) where an individual is not affected by legislative restrictions. Only essential requests for participation in the Cash in Lieu Allowance Program will be accepted – requests will be monitored closely. 3. The Guide is based on current UK tax and UK pension legislation. HMRC can change this at any time in the future. Whilst every effort has been made to ensure the accuracy of this Guide, it is provided for information purposes only. It does not in itself confer any right or privilege and all benefits will be paid in accordance with CPPIB’s standard approach.

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