Paragraph 3
There is a protection-cessation event if F1the reference number for the purposes of paragraph 1(2) was issued pursuant to an application made on or after 15 March 2023 and—
there is benefit accrual in relation to the individual under an arrangement under a registered pension scheme,
there is an impermissible transfer into any arrangement under a registered pension scheme relating to the individual,
a transfer of sums or assets held for the purposes of, or representing accrued rights under, any such arrangement is made that is not a permitted transfer, or
an arrangement relating to the individual is made under a registered pension scheme otherwise than in permitted circumstances.
Annotations
Textual amendments
- F1
Words in Sch. 4 para. 3 inserted (6.4.2023 for the tax year 2023-24 and subsequent tax years) by Finance (No. 2) Act 2023 (c. 30), s. 23(7)(8)
Modifications
- C1
Sch. 4 para. 3(c) modified (6.4.2023) by The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2023 (S.I. 2023/113), regs. 1(2), 42 (with reg. 1(3))
Notes on Schedule 4
Textual amendments
- F1
Words in Sch. 4 heading substituted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 93(2), 124 (with Sch. 9 paras. 125-132)
Modifications
- C1
Sch. 4 modified (24.4.2025 for the tax year 2024-25 and subsequent tax years) by The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2025 (S.I. 2025/419), regs. 1(2)(6), 19 (with reg. 18(2))