TAX-FREE CASH AND INCOME– Collective Retirement Account (CRA)– For use by financial advisers only

*APTFC0100F*

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WITH THIS FORM YOU CAN:• instruct us to pay money from your account as tax-free cash and/or taxable income.This form cannot be used for:• full withdrawals - if you want to withdraw the entire account value, please use the ‘Taking a full withdrawal’ form which you can get by

calling us on 0808 171 2626.We regularly update our forms; your financial adviser can confirm that this September 2020 version is the latest by checking the literature library on our website www.oldmutualwealth.co.uk

Completing this form• Please tick/complete this form using BLOCK CAPITALS only and blue or black ink.• Guidance notes – It is important that you read the guidance notes at the end of this form.Payment• The tax-free lump sum amount will be met by selling units proportionally from the funds in the account. • Our minimum regular income withdrawal is £25 a month or £300 annually.• Our minimum single income withdrawal is £125.

Timescales• For income requests from existing crystallised accounts, the cut-off date is the 9th of the month. For any other requests, the cut-off

date is the 7th of the month. Where these dates fall on a non-working day, the cut-off date will be the previous working day. Where the request is received after the specified cut-off date, payment will be made in the following month.

• Tax-free cash will be paid 15 working days from the day all our requirements are met.• Income payments will normally be paid on the 25th of the month. When these dates fall on a non-working day, the payment will be

paid on the previous working day. Provided we have received all of our requirements by the cut-off dates below, payments will start in the month we receive the request (or the month specified, if different).

• We can only hold your completed instruction for a maximum of 3 months.

Additional documents we might need • Proof of age – If this is the first time money has been taken from this account.• Proof of residential address – If your address is different from the one we have on our records or it has changed within the last

12 months.• Proof of bank account ownership – If we have not already seen it.• HMRC certificate – If you are claiming pension protection.

Tax• Income Tax – You will have to pay tax on the income you receive in the same way as you would on a salary. How much you pay

depends on your total income. If you are taking income withdrawals for the first time generally the provider will not know your overall income and will use an emergency tax code to start with. This means you may pay too much tax initially and have to claim the money back. Alternatively you may owe more tax if you have other sources of income. If you have taken income previously tax will be deducted based on the tax code that has been provided by HM Revenue & Customs.

• Non UK Tax – If you are subject to tax in any country outside the UK, please contact your tax specialist, to understand whether you will be liable for tax in that country.

NOTE

I confirm:a) I have provided my client with advice and discussed the appropriate risks in relation to this transactionb) I have seen evidence of age and my client is over age 55, or over the applicable protected agec) I have provided my client with an illustration in relation to this withdrawal, in line with my regulatory responsibilities as financial adviser, as

detailed in FCA Sourcebook COBS 14.

1 FINANCIAL ADVISER DECLARATION

Financial Adviser Name

Adviser Firm Name

Signature Date (ddmmyyyy)

This statement must be completed in order for Old Mutual Wealth to carry out the instruction on behalf on the client

I want to take the maximum tax-free cash from the new transfer or lump sum investment and allocate the balance for any income I require now or in future

Option 1 – Immediate tax-free cash from a NEW transfer or lump sum investmentu�This option can only be selected if you are completing this form with an application for a new lump sum/transfer investment, and you require

immediate maximum tax-free cash from the entire investment.

OR

3 TAX-FREE CASH OPTIONS

SELECT ONLY ONE OF THE FOLLOWING OPTIONS.

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NOTE

NOTE

In this section, and in other parts of this form, we refer to ‘crystallised’ and ‘uncrystallised’ parts of your pension savings. When some or all of your Collective Retirement Account is set aside for the purpose of providing tax-free cash and/or taxable income withdrawals, it is known in pension regulations as ‘crystallising’ the amount involved. We are required by pension rules to identify crystallised and uncrystallised parts of your account separately.

Any regular contributions into your account will continue until you tell us to stop them in writing.

I want to use all the uncrystallised part of my account and take the maximum amount of tax-free cash permitted to me.

Please note regular contributions will continue unless you tell us otherwise

Option 2 – Full crystallisation of an EXISTING CRA with maximum tax-free cashu�This option can be selected if you are not investing any additional money along with this instruction, and you require maximum tax-free cash from your

entire CRA.

OR

I wish to use all the uncrystallised part of my account and take a tax-free cash amount of

I understand that I won’t be able to take any additional tax-free cash from this CRA in future and the balance of the investment will be allocated for income drawdown.

Option 3 – Full crystallisation of an EXISTING CRA with a specific tax-free cash amount

OR

£ .

I want to crystallise an amount of and

Take the maximum amount of tax-free cash permitted to me.

Option 4 – Partial crystallisation amount

£ .

Take a tax-free cash amount of £ .

If you do not take the maximum amount now, you will not be able to take any additional tax-free cash from this crystallised amount in future.

OR

A

B

Full name

Collective Retirement Account number u If known

2 YOUR DETAILS

National Insurance Number Date of birth (ddmmyyyy)

Address

Postcode

Telephone number Email address

/ /

Proof of address – We will require proof of your residential address if it is different from the one we have on our records or has changed in the last 12 months, for example an original household bill dated within the last 6 months (mobile phone bills are not acceptable).

Proof of age – We must have evidence of your date of birth if this is the first time money has been taken from this account. Please refer to the guidance notes at the end of this form.

Client reference number u If known

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4 INCOME WITHDRAWAL OPTIONS

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Capped drawdown• If you started capped drawdown before 6 April 2015 and have not since converted to flexi-access drawdown, your account is

still in capped drawdown. In taking further tax-free cash the maximum capped annual income withdrawal available to you will be re-calculated. If it is higher than what was previously available it will have immediate effect on the income withdrawals you can take each year under capped drawdown rules.

• If the amount is lower, the lower amount will only apply from the start of the next income payment year. You will be notified of the revised annual amount of withdrawals you can make under capped drawdown rules. Income withdrawals can be changed up to the maximum limits set at your last review. Future reviews will be conducted every three years until age 75. After age 75 these reviews will be annual. Certain events will also trigger a review and you have the option to recalculate your maximum income each year.

• If you are in capped drawdown and select a specified regular income amount of more than the maximum amount permitted, your account will immediately convert to flexi-access drawdown. It cannot be reversed even if you subsequently reduce the income level back down to within the maximum for that year.

• If you are in capped drawdown and select a one-off withdrawal that exceeds the remaining maximum amount permitted, your account will immediately convert to flexi-access drawdown.

Flexi-access drawdown• There is no cap on the amount of income you can take using flexi-access drawdown. However, once you take income in this way, the

amount you can pay into ‘money purchase’ (also known as ‘defined contribution’) schemes in any tax year without being liable to a tax charge is subject to a limit called the ‘Money Purchase Annual Allowance’ (MPAA). This is currently £4,000. You have the option to convert to flexi-access at any time. You can do this by ticking option i) below. For more information please contact your financial adviser.

• For those who took tax free cash for the first time after 6 April 2015, you will be subject to the Money Purchase Annual Allowance the first time you take income from your account.

How is income taxed?You will have to pay tax on the income you receive in the same way as you would on a salary. How much you pay depends on your total income. If this is the first time that you will be taking an income withdrawal from your account, generally the provider will not know your overall income and will use an emergency tax code to start with. This means you may pay too much tax initially and have to claim the money back. Alternatively you may owe more tax if you have other sources of income. If you have taken income previously, tax will be deducted based on the tax code that has been provided by HM Revenue & Customs. Please see our Guide to Income Tax and Your Pension for further information.

Complete as required i) Convert to flexi-access

ii) One-off withdrawal

I would like to immediately change from capped drawdown to flexi-access drawdown.

I confirm I understand that there is no cap on the amount of income I can take under flexi-access drawdown, and once I take income this way I will be subject to the Money Purchase Annual Allowance (MPAA).

I understand that once the account has been converted, it cannot be changed back.

Any regular income you currently receive will continue unless you complete the regular income section belowu If we make an income payment to you in good faith, based on your instruction, we are not able to accept it back at a later date and this may affect your tax position.

I want to take the following amount

OR

I want to take my full crystallised holding leaving the uncrystallised amount invested (if you wish to take both crystallised and uncrystallised holdings you will need to complete the full withdrawal form)

Please confirm the month you want to receive your one-off paymentIf left blank, income will be paid in the next available month

(before tax)£

iii) Regular income withdrawals

a) I want to stop taking regular income until further notice

b) I want my regular income paid to me on a

and the amount I want paid monthly is (before tax)£

Monthly basis

£and the amount I want paid yearly is (before tax)

Please confirm the month you want your regular income to startIf left blank, income will be paid in the next available month

Yearly basis

!

! Please refer to the important information notes above before completing this section.

! Please refer to the important information notes above before completing this section.

We can only sell funds that are available for trading, therefore any that are `suspended’ will not be included when carrying out your instruction. If we can proceed with your request by withdrawing from the available funds, we will do so, otherwise we will seek revised instructions.a) Managed Portfolio Service investors – We will meet your income payments by selling units proportionally across all funds.b) Other investors – We will meet your income payments by selling units proportionally across all crystallised funds. However, if your CRA is fully

crystallised, you can use the table below to choose specific funds to sell, or you can write ‘largest fund’ if preferred.

Fund name u 5b) will apply if you complete the table below but your CRA is not fully crystallised

5 FUND CHOICE FOR INCOME WITHDRAWAL

6 BANK DETAILS

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NOTE These options are not available for a tax-free cash payment. We will meet the tax-free cash payment by selling units proportionally from the funds in the CRA.

Name of bank account holder u The account must be in your name or with you as a joint holder

Name and address of bank/building society u This must be in the UK

Bank/Building society account number Sort code

Building society roll number u If applicable

Postcode

Please state which bank account you wish the proceeds to be paid into. We cannot make payments to third parties or business accounts except for sole trader accounts.

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• We will need to see proof that you are the owner (or joint owner) of the bank account detailed below, if you have not used this account with us before. The proof and bank account details provided below must match exactly.

• �The proof can be an original or certified* copy of a voided cheque or bank account statement dated within the last six months. If you have online bank account statements a printed copy certified* by your adviser as a true copy will suffice.

• Failure to provide acceptable proof of ownership will delay your application. * Copies must be certified on each page in ink by a UK-based professional such as your financial adviser, solicitor, accountant, GP or bank

manager (including the bank’s stamp). We cannot accept photographs of documents or debit cards. Emails of certified copies must confirm that the original documents have been witnessed.

7 PENSION PROTECTION

If you have one of these pension protections, you will have received two reference numbers from HMRC or an HMRC certificate.

Please tick below if you have any of the following. By ticking you confirm that your entitlement to these protection benefits has not been revoked.

If you are not applying for any form of protection go to section 8.

Fixed Protection 2016

Lifetime Allowance Enhanced Factors

Fixed Protection 2014

Individual Protection 2014

Primary Protection 1

Individual Protection 2016

Enhanced Protection Fixed Protection 2012

continued

4 INCOME WITHDRAWAL OPTIONS (continued)

c) Capped maximum amount required u Only available if you have a capped drawdown account

Monthly basis Yearly basis

Please confirm the month you want your capped income to start:If left blank, income will be paid in the next available month

I want the maximum income permitted paid to me on a:

If you request monthly payments, the maximum amount will be divided by the number of months left in the scheme year. This will change to the maximum amount divided by 12 when you start a new scheme year. For example: If your maximum income amount is £12,000 each year and you select this option with 6 months remaining, we will pay £2,000 each month for 6 months until the start of the new scheme year. We will then pay £1,000 each month.

NOTE

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8 LIFETIME ALLOWANCE

Please tick/complete any/all of the following that apply to you. You must complete at least one.

Before and after 6 April 2006; you must complete both section C and D if you have previously taken benefits from one or more pension schemes before and after 6 April 2006.

When you crystallise all or part of your savings in any pension scheme, the provider will tell you what percentage of your Lifetime Allowance has been used up. We need the following to ensure you do not exceed the Lifetime Allowance.

NOTE

A I have never taken any benefits from a UK registered pension scheme – if you select this option, go to section 9

B I have only taken benefits from my Collective Retirement Account(s) – if you select this option, go to section 9

C I have taken benefits from one or more UK registered pension schemes on or after 6 April 2006.

The total percentage of the standard Lifetime Allowance I have used is:

The first time I took pension benefits after 5 April 2006 was:

- if you select this option, go to option D

D I have taken benefits from one of more UK registered pension schemes before 6 April 2006, these are not included in any lifetime allowance figure completed above in option C. (Please complete all that apply).

If you have also completed option C, please provide the figures that were applicable at the date you first took a pension benefit after 5 April 2006.

I’m in capped drawdown and my gross maximum annual income limit is:

AND/OR

I’m in flexi-access drawdown and my previous gross maximum annual income was:

AND/OR

I’m paid a lifetime annuity/scheme pension and the gross amount I receive each year is:

%

£

£

£

/ / u�Only required if both C and D are being completed

HMRC reference number

1 Primary ProtectionIf your Primary Protection includes a protected lump sum and you have taken any tax-free lump sums since 6 April 2006, complete this additional information:

£ .

Date tax-free cash received (ddmmyyyy) Tax-free cash amount taken

Pension Scheme Administrator referenceu�For example, PSA12345678A. This applies to online protections only.

£ .

£ .

OR

Block Protection

If you have protected tax free cash or an early retirement age, please be aware that:

• you must fully crystallise all funds you have in your CRA at the same time or you will lose these protections. This will mean you will be limited to a maximum of 25% of the uncrystallised value as a tax free lump sum, and a minimum retirement age of 55. This includes any uncrystallised funds you may have in other CRAs.

• if your right to draw benefits before age 55 is subject to certain conditions, then you will need to confirm to Old Mutual Wealth that those conditions have been met before any payment can be made.

NOTE

7 PENSION PROTECTION continued

�We cannot process this form if this section is not completed – the guidance notes at the end will help you.

HMRC Certificate

Tick here if you have a certificate from HMRC and send a certified copy of the certificate with this form.

(a) I authorise and request Old Mutual Wealth to carry out the instructions detailed in this form.

(b) I understand that these changes will take effect in accordance with the CRA Terms and Conditions.

(c) I understand that, if I am subject to capped drawdown, my account will immediately convert to flexi-access drawdown if: i) I select a regular income amount above the maximum amount permitted, or ii) I select a one-off withdrawal that exceeds the remaining maximum amount permitted. I also understand that once converted to flexi-access drawdown this cannot be reversed.

(d) I declare that this form has been completed correctly to the best of my knowledge and belief.

(e) I understand that the taxable part of this payment will be subject to income tax deducted by Old Mutual Wealth and paid to HM Revenue & Customs. Old Mutual Wealth will submit my personal and income details to HM Revenue & Customs.

(f) I have read and understood the contents of Old Mutual Wealth’s leaflet: ‘A guide to income tax and your pension’, and the accompanying documents related to taking income from my account.

11 YOUR DECLARATION

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www.oldmutualwealth.co.ukPlease be aware that calls and electronic communications may be recorded for monitoring, regulatory and training purposes and records are available for at least five years.

Old Mutual Wealth is the trading name of Old Mutual Wealth Limited which provides an Individual Savings Account (ISA) and Collective Investment Account (CIA) and Old Mutual Wealth Life & Pensions Limited which provides a Collective Retirement Account (CRA) and Collective Investment Bond (CIB).

Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited are registered in England and Wales under numbers 1680071 and 4163431 respectively. Registered Office at Old Mutual House, Portland Terrace, Southampton SO14 7EJ, United Kingdom. Old Mutual Wealth Limited is authorised and regulated by the Financial Conduct Authority. Old Mutual Wealth Life & Pensions Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Their Financial Services register numbers are 165359 and 207977 respectively. VAT number 386 1301 59.

PDF5300/220-1308/September 2020 TFC and income - adviser

If you are claiming Enhanced Protection in section 7, you do not need to complete this section.

If the amount being used to provide benefits is greater than your remaining Lifetime Allowance, a tax charge will be due on the excess amount. More information is in the guidance notes at the end of this form.Please specify how the excess is to be paid:

% to be taken as cash lump sum u Only applicable before age 75

%

%001

to be taken as income

Total u These percentages must total 100%

9 BENEFITS IN EXCESS OF LIFETIME ALLOWANCE

10 OVER 75 DECLARATION

If you are under 75, you do not need to complete this section.

10.1 Have you ever taken any benefits from a UK registered pension scheme?

Yes - now go to question 10.2 No - now go to section 11

10.2 How much of your lifetime allowance had you used at the age 75 test?

- now go to question 10.3

10.3 Have you taken any pension benefits since reaching age 75?

Yes - now go to question 10.4 No - now go to section 11

10.4 How much tax-free cash have you taken since reaching age 75?

%

£

Signature

Date

Before submitting this form, please ensure you avoid the most common errors by ticking the following checklist:

Section 1 – Financial Adviser Declaration – signed and dated

Section 6 – Valid proof of bank account ownership – included

Section 8 – Lifetime Allowance - fully completed

!

A current Valuation Statement should be obtained to ascertain the details of funds held within your CRA. (Please note the value on this statement is not guaranteed and is subject to change).

You can only make this withdrawal after reaching your minimum pension age, which is typically 55. Where special circumstances apply, such as ill health or where you have transferred from another scheme with a protected low pension age, you may be able to take benefits before age 55. Please note that, following the first payment of flexi-access drawdown income, the maximum you will be able to contribute will be £4,000 a year to any money purchase pension scheme.

Tax-free cash You may be entitled to take part of your CRA as tax-free cash. This would typically be up to 25% of the amount being crystallised (or more if you are entitled to specific protection detailed in section 7). If you do not take the full amount of tax-free cash available at the point of crystallisation, you will not be able to take any other tax free cash from these crystallised funds. However, if you are not crystallising 100% of your CRA you may be permitted to take further tax-free cash when you crystallise the remaining funds.Please note, you could suffer a tax liability if pension contributions arefunded from a tax-free cash sum received from a registered pensionscheme.

Section 1 – Financial adviser declarationThe Financial Conduct Authority (FCA) has stated that all providers must inform clients of the risks associated with taking money from their pension. We are required to record when advice has been given.

Section 2 – Your detailsProof of AgeIf this is the first time you have taken Tax Free Cash from the Collective Retirement Account, we must have evidence of your date of birth.

We will require one of the following:• your photocard driving licence• your passport

(Your driving licence or passport must be valid and must not have expired).

• your birth certificate (If your name is currently different from your birth certificate, we will require evidence of the change of name – for example your marriage certificate or change of name deed)

• a Confirmation of Verification of Identity (CoVI) from your financial adviser

If you are making this application through a financial adviser, there is no need to send your original document to us in the post. You can provide the relevant document to your financial adviser, who can then either:• declare that they have seen the appropriate evidence of your age

using the option on our online system, or• provide us with a certified copy of the document for our files.

Section 3 – Tax-free cash optionsTo enable a withdrawal of benefits from your CRA you must crystallise funds within your CRA. You can crystallise all or part of your CRA. Where you are paying a new lump sum investment or transferring uncrystallised funds from another pension arrangement you can select to immediately fully crystallise that payment and take your maximum tax-free cash entitlement. You can do this by selecting Option 1. The tax-free cash will be calculated based upon the payment received. The balance after deducting the tax-free cash will be invested and be subject to charges.The following options apply a) where you are paying a new lump sum investment or transfer investment and want immediate crystallisation on that payment but not maximum tax-free cash, or b) you are crystallising funds already held within your CRA.

Option 2 will effect a full crystallisation, with the option to take your full entitlement of tax-free cash or to specify the amount of tax-free cash. This option should be used if you have a protected tax free cash amount.

Option 3 will effect a full crystallisation, with the option to specify the amount of tax-free cash you require.

Option 4 allows you to indicate the amount you wish to crystallise and specify the amount of tax-free cash you require, with the option to take either your full entitlement of tax-free cash or to specify the amount of tax-free cash you require.

Payment of tax-free cash will normally be calculated based on the bid value of the fund at the point of crystallisation. The amount paid could vary.

When taking only a proportion of your CRA you must retain £3,000 of your uncrystallised funds within your CRA.

Section 4 – Income withdrawal optionsIncome payable from your CRA using either capped or flexi-access drawdown is subject to income tax.• Income payments will normally be paid on the 25th of the month

provided we have received all of our requirements by the 9th of the month

• Income will be paid using an emergency tax code until we are notified by HMRC of your correct tax code. Please refer to the enclosed Income tax booklet for further information.

Section 5 – Fund choice for income withdrawalThis is where you tell us which funds you wish us to sell to meet your income payments.

Section 6 – Bank detailsThis is for details of the bank account where you would like us to pay your tax-free cash or income withdrawals.

We will need to see proof of the bank account ownership. The proof can be an original or certified* copy of a voided cheque or bank account statement dated within the last six months. If you have online bank account statements, you can send a printed copy certified* by your adviser.* Copies must be certified on each page in ink by a UK-based professional such

as your financial adviser, solicitor, accountant, GP or bank manager (including the bank’s stamp). We cannot accept photographs of documents or debit cards. Emails of certified copies must confirm that the original documents have been witnessed.

Section 7 – Pension Protection This section is applicable if you have lifetime allowance protection. If so, please complete this section and enclose a certified copy of your HM Revenue & Customs (HMRC) certificate of protection. If your protection is online only, and you don’t have a certificate, please provide us with both your Protection reference and Pension Scheme Administrator (PSA) reference numbers, which you can check online with HMRC.

Section 8 – Lifetime allowanceComplete this section to tell us whether you have previously taken benefits from any UK registered pension scheme(s). You can only select one of the five options. Please ignore any State Pension you are receiving.

Option A – Select this option if you have never taken tax-free cash and/or income from any UK registered pension scheme.

Option B – Select this option if you have only taken tax-free cash and/or income from your Collective Retirement Account(s).

Option C – Select this option if you have taken tax-free cash and/or income from a pension scheme, on or after 6 April 2006. The provider(s) who paid your benefits will be able to tell you how much Lifetime Allowance you have used.

The percentage figure needs to be the total percentage of the Standard Lifetime Allowance you have used with all your pension providers.

If you have also taken tax-free cash and/or income before 6 April 2006 you will also need to complete Option D.Option D – Select this option if you have taken tax-free cash and/or income from a pension scheme and the first payment was before 6 April 2006. If you are in capped drawdown, enter the maximum gross annual income limit. If you entered flexible drawdown before 6 April 2015, enter the maximum gross annual income limit immediately before the plan was converted to flexible drawdown.

GUIDANCE NOTES

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www.oldmutualwealth.co.ukPlease be aware that calls and electronic communications may be recorded for monitoring, regulatory and training purposes and records are available for at least five years.

Old Mutual Wealth is the trading name of Old Mutual Wealth Limited which provides an Individual Savings Account (ISA) and Collective Investment Account (CIA) and Old Mutual Wealth Life & Pensions Limited which provides a Collective Retirement Account (CRA) and Collective Investment Bond (CIB).

Old Mutual Wealth Limited and Old Mutual Wealth Life & Pensions Limited are registered in England and Wales under numbers 1680071 and 4163431 respectively. Registered Office at Old Mutual House, Portland Terrace, Southampton SO14 7EJ, United Kingdom. Old Mutual Wealth Limited is authorised and regulated by the Financial Conduct Authority. Old Mutual Wealth Life & Pensions Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Their Financial Services register numbers are 165359 and 207977 respectively. VAT number 386 1301 59.

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If you are in flexi-access drawdown and you did not enter flexible drawdown before 6 April 2015, enter the maximum gross annual income limit immediately before the plan was converted to flexi-access drawdown. If you are being paid a scheme pension or a lifetime annuity from a pension scheme, enter the gross annual amount you receive.

Section 9 – Benefits in excess of lifetime allowanceIf you are taking benefits that are greater than your Lifetime Allowance, there will be an excess and the excess amount is subject to a tax charge.

If you select the excess to be paid as a lump sum, the tax charge will be 55%. We will deduct the tax from the excess amount and pay it to HMRC. The remaining amount will be paid directly to your bank account.

If you select the excess to be paid as income, the tax charge will be 25%. We will deduct the tax from the excess amount and pay it to HMRC. The remaining amount will be paid to you as income as and when you choose, which will be subject to income tax at your marginal rate.

Section 10 – Over 75 declarationYou can elect to take tax free cash after the age of 75, subject to you having available lifetime allowance. In order for us to calculate if you have enough lifetime allowance left to allow you to take tax free cash we need information about how much lifetime allowance you had used up prior to your 75th birthday and if you have taken any benefits after your 75th birthday that would use up more of your lifetime allowance.

Section 11 – Your Declaration This section is for you to sign, declaring that you understand and agree various points.The information given on this form is based on our understanding of pension and taxation legislation. Old Mutual Wealth Life & Pensions Limited does not accept any liability for any loss arising from the misunderstanding of the information provided or omissions therein.All benefits are payable in accordance with the Terms and Conditions of the Collective Retirement Account available from www.oldmutualwealth.co.uk/CRA-Key-features-and-terms/.To make a false statement knowingly may be considered tax evasion by HMRC and could result in legal action against you.

Old Mutual Wealth Life & Pensions Limited recommends that investors seek financial advice when instructing a Benefit Crystallisation Event.

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GUIDANCE NOTES (continued)