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Paragraph 130 Statements for certain members who would not otherwise receive one in the tax year 2024-25

United Kingdom

(1)

The scheme administrator of a registered pension scheme must provide a statement to each relevant person before the end of the tax year 2024-25.

(2)

In sub-paragraph (1) “relevant person” means—

(a)

any member of the scheme—

(i)

in relation to whom one or more benefit crystallisation events occurred before 6 April 2024, and

(ii)

who on that date does not have an actual (as opposed to prospective) entitlement to be paid a pension, or

(b)

the personal representatives of a member within paragraph (a) who has died.

F1(3)

The statement must contain the information in regulation 14(3) of the Provision of Information Regulations (percentage of standard lifetime allowance expended by benefit crystallisation events) in respect of benefit crystallisation events occurring before 6 April 2024.

(4)

In this paragraph—

  • “benefit crystallisation event” means a benefit crystallisation event within the meaning of Part 4 of FA 2004, as that Part had effect immediately before 6 April 2024;

  • F2“member” has the same meaning as in Part 4 of FA 2004;

  • “the Provision of Information Regulations” means the Registered Pension Schemes (Provision of Information) Regulations (S.I. 2006/567) F3, as those regulations had effect immediately before 6 April 2024;

  • “scheme administrator” has the same meaning as in Part 4 of FA 2004.

Annotations

Textual amendments

F1

Sch. 9 para. 130(3) substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2024 (S.I. 2024/356), reg. 4(19)

F2

Words in Sch. 9 para. 130(4) inserted (18.11.2024 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(8)

F3

Words in Sch. 9 para. 130(4) inserted (with effect in accordance with reg. 1(3) of the amending S.I.) by The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2024 (S.I. 2024/356), reg. 4(20)

Notes on Part 6

Modifications

C1

Sch. 9 Pt. 6 modified (for the tax year 2024-25 and subsequent tax years) by S.I. 2010/1187, reg. 19(2)-(5) (as substituted by The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2026 (S.I. 2026/698), regs. 1(2)(6), 15(5))