Section 244D Exclusion: receiving scheme is an occupational pension scheme
F1A transfer to a QROPS is excluded from the overseas transfer charge F2under section 244AC if—
(a)
the QROPS is an occupational pension scheme, and
(b)
when the transfer is made, the member is an employee of a sponsoring employer of the QROPS.
Annotations
Textual amendments
- F1
Ss. 244A-244N and cross-heading inserted (with effect in accordance with Sch. 4 para. 25 of the amending Act) by Finance Act 2017 (c. 10), Sch. 4 para. 11
- F2
Words in . 244D inserted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 48, 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4; (18.11.2024 for the tax year 2024-25 and subsequent tax years) by S.I. 2024/1012, regs. 1(2)(3), 17)