# Finance Act 2004, Section 244D: Exclusion: receiving scheme is an occupational pension scheme


A transfer to a QROPS is excluded from the overseas transfer charge under 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.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/section/244D (the official version)
Page: https://openlegislation.uk/finance-act-2004/section-244D
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.