{
  "url": "https://openlegislation.uk/finance-act-2024/schedule-9/paragraph-127B",
  "json_url": "https://openlegislation.uk/finance-act-2024/schedule-9/paragraph-127B.json",
  "legislation": "ukpga/2024/3",
  "legislation_title": "Finance Act 2024",
  "legislation_url": "https://openlegislation.uk/finance-act-2024",
  "path": "schedule/9/paragraph/127B",
  "kind": "paragraph",
  "number": "127B",
  "heading": "Provision of information by individuals to certification administrators",
  "text": "(1) Sub-paragraph (2) applies where—\n(a) a certification administrator issues a transitional tax-free amount certificate, and\n(b) there are one or more other certification administrators in relation to the individual to whom the certificate relates.\n(2) The relevant person must send a copy of the certificate to each certification administrator within sub-paragraph (1)(b).\n(3) Sub-paragraph (2) must be complied with—\n(a) before the end of the period of 90 days beginning with the day on which the relevant person receives the certificate, and\n(b) before the first day following that on which the relevant person receives the certificate on which a relevant benefit crystallisation event occurs in relation to the individual.\n(4) In the case of an obligation under sub-paragraph (2) relating to a pension scheme of which the individual is a member as a result of a block transfer, references in sub-paragraph (3) to the day on which the relevant person receives the certificate are to the later of that day and the day on which the relevant person receives notice of the block transfer.\n(5) Sub-paragraph (6) applies where—\n(a) a certification administrator cancels a transitional tax-free amount certificate, and\n(b) there are one or more other certification administrators in relation to the individual to whom the certificate relates.\n(6) The relevant person must send a copy of the notice to each certification administrator within sub-paragraph (5)(b).\n(7) Sub-paragraph (6) must be complied with—\n(a) before the end of the period of 90 days beginning with the day on which the relevant person receives notice of the cancellation, and\n(b) before the first day following that on which the relevant person receives notice of the cancellation on which a relevant benefit crystallisation event occurs in relation to the individual.\n(8) In the case of an obligation under sub-paragraph (6) relating to a pension scheme of which the individual is a member as a result of a block transfer, references in sub-paragraph (7) to the day on which the relevant person receives notice of the cancellation are to the later of that day and the day on which the relevant person receives notice of the block transfer.\n(8A) Sub-paragraph (8B) applies where—\n(a) a transitional tax-free amount certificate is issued in relation to an individual, and\n(b) the individual subsequently becomes a member of a pension scheme (“the new pension scheme”).\n(8B) The relevant person must send a copy of the certificate to the scheme administrator of the new pension scheme.\n(8C) Sub-paragraph (8B) must be complied with—\n(a) before the end of the period of 90 days beginning with the day on which the individual becomes a member of the new pension scheme, and\n(b) before the first day on which a relevant benefit crystallisation event occurs in relation to the individual after the day on which the individual becomes a member of the new pension scheme.\n(9) In this paragraph—\n“block transfer”: a transfer is “a block transfer” in relation to a member of a pension scheme if it involves the transfer, in a single transaction, of all the sums and assets held for the purposes of, or representing accrued rights under, the arrangements under the scheme which relate to the member and at least one other member of the scheme;\n“relevant benefit crystallisation event” has the same meaning as in section 637S of ITEPA 2003 (availability of individual’s lump sum and death benefit allowance);\n“relevant person”, in relation to a transitional tax-free amount certificate, means—\n(a)the individual to whom the certificate relates, or\n(b)if the individual is deceased, the individual’s personal representatives.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 9 para. 127B and cross-heading inserted (for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 17(5)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 9 para. 127B(8A)-(8C) inserted (for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026 (S.I. 2026/698), regs. 1(2)(6), 9(3)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 9 para. 127B modified (for the tax year 2024-25 and subsequent tax years) by S.I. 2010/1187, reg. 20A (as substituted by The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026 (S.I. 2026/698), regs. 1(2)(6), 15(5))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/3/schedule/9/paragraph/127B",
    "retrieved_at": "2026-10-29T08:48:28.960167+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."
}