Statutory guidance

Equalising pensions for the effect of unequal Guaranteed Minimum Pensions

Guidance on the use of the Guaranteed Minimum Pensions (GMP) conversion legislation.



This is the first edition of guidance setting out how the GMP conversion legislation might be used to resolve the GMP inequality issue. It has been produced by the Department for Work and Pensions with the assistance of an industry working group.

As we explained in the November 2016 consultation on a new methodology for equalising pensions for the effect of GMPs, government is considering further changes to the GMP conversion legislation to clarify certain issues.

HMRC may also provide guidance to reflect the tax position for equalised schemes. The guidance will be updated from time to time to reflect any changes to legislation that take place in the future and any material developments in case law.

Published 18 April 2019