{
  "url": "https://openlegislation.uk/finance-act-2017/schedule-4/paragraph-2",
  "json_url": "https://openlegislation.uk/finance-act-2017/schedule-4/paragraph-2.json",
  "legislation": "ukpga/2017/10",
  "legislation_title": "Finance Act 2017",
  "legislation_url": "https://openlegislation.uk/finance-act-2017",
  "path": "schedule/4/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) Paragraph 1 (application of member payment charges to relevant non-UK schemes) is amended as follows.\n(2) After sub-paragraph (6) insert—\n“(6A) There are three types of relevant transfer—\n(a) an original relevant transfer,\n(b) a subsequent relevant transfer, and\n(c) any other (including, in particular, all relevant transfers before 9 March 2017).\n(6B) “An original relevant transfer” is—\n(a) a relevant transfer within sub-paragraph (6)(a) made on or after 9 March 2017,\n(b) a relevant transfer within sub-paragraph (6)(b), made on or after 9 March 2017, of the whole or part of the UK tax-relieved fund of a relieved member of a qualifying recognised overseas pension scheme, or\n(c) a relevant transfer within sub-paragraph (6)(b), made on or after 6 April 2017, of the whole or part of the UK tax-relieved fund of a relieved member of a relevant non-UK scheme that is not a qualifying recognised overseas pension scheme.\n(6C) The sums or assets transferred as a result of an original relevant transfer constitute a ring-fenced transfer fund, and the key date for that fund is the date of the transfer.\n(6D) Where in the case of a ring-fenced transfer fund (“the source fund”) there is a relevant transfer of the whole or part of the fund—\n(a) the sums or assets transferred as a result of the transfer constitute a ring-fenced transfer fund,\n(b) that fund has the same key date as the source fund, and\n(c) the transfer is “a subsequent relevant transfer”, and is not an original relevant transfer.\n(6E) Sub-paragraph (6D) applies whether the source fund is a ring-fenced transfer fund as a result of sub-paragraph (6C) or as a result of sub-paragraph (6D).\n(6F) The Commissioners for Her Majesty's Revenue and Customs may by regulations provide that sums or assets identified in accordance with the regulations are not included in a ring-fenced transfer fund as a result of sub-paragraph (6C) or (6D)(a).”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2017/10/schedule/4/paragraph/2",
    "retrieved_at": "2026-10-29T09:05:39.776683+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}