If there are no pension payments for the financial year, it will revert back to an accumulation account from the start of that financial year.
The pension account can be restarted for the next financial year, calculations are needed depending on the age of the member to calculate how much the minimum pension will be for the new financial year and those payments will need to be made during that new financial year, in cash.
Yes – it will be a Reg.6.17 issue if the pension is not reverted back to accumulation from the start of that financial year, if it is revert back to accumulation then there is no minimum pension that is unpaid for that year.
Pension payments cannot be accrued and paid in the next year, they must be paid in cash during the financial year.