# Finance Act 2021, Paragraph 24


(1) In the Registered Pension Schemes (Transfer of Sums and Assets) Regulations 2006 (S.I. 2006/499), regulation 12 (member's drawdown pension fund or flexi-access pension fund) is amended as follows.
(2) In Table 3, after the entry for section 216(1), benefit crystallisation event 1 insert—
“
Section 216(1), benefit crystallisation event 5A (benefit crystallisation event on individual reaching the age of 75, having sums or assets designated as available for the payment of a drawdown pension)
To determine, for the purposes of benefit crystallisation event 5A, the aggregate of amounts crystallised by benefit crystallisation event 1 by reference to the old arrangement (so that, in an appropriate case, paragraph 14ZB of Schedule 32 applies).
”

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Source: https://www.legislation.gov.uk/ukpga/2021/26/schedule/5/paragraph/24 (the official version)
Page: https://openlegislation.uk/finance-act-2021/schedule-5/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.