Notional Pension Income issues, especially for mixed-age couples

I’ve posted a detailed look at how notional pension income works, especially for mixed-age couples, on my blog.  It’s a bit numerate I’m afraid.

https://benefitsinthefuture.com/notional-income-from-pensions-too-notional-for-some-advisers/

It’s one of the areas that I’ve been banging on about for some years, to little effect. I’ll touch on it at NAWRA in Greenwich next month.

thanks for this gareth.

o the subject of notional income from pension, this hot off the CofA presses this morning

https://www.bailii.org/ew/cases/EWCA/Civ/2019/839.html

Thanks Claire.  Interesting and, thankfully for me, doesn’t change my calculations.  Actually, I think it’s thankfully for him as well.  If they had decided that it was capital and not something that would generate an annuity then, after the £10,000 disregard, he’d be left with £80,410 of capital which would generate a deemed income, under the capital regs, of £161 a week rather than the £126.45 of the notional income rules.