Regulation 6 Amendment of regulation 16

Regulation 16 (information)^f1 is amended as follows.

In paragraph (3),

after “these Regulations” insert “, before 6th April 2024,”.

After paragraph (3) insert—

“(3A)

Where a person is entitled to a lump sum under these Regulations, before 6th April 2024, he shall, whether or not he intends to rely on entitlement to an enhanced allowance or to enhanced protection, give to the provider such information as will enable the provider to determine—

(a)

whether any tax is payable in respect of the lump sum in accordance with section 204 of the 2004 Act and, if so,

(b)

the amount of tax, and

(c)

the person liable for that tax.”.

In paragraph (4), after “these Regulations” insert “, before 6th April 2024,”.

After paragraph (4) insert—

“(4A)

Where a person who is entitled to a lump sum under these Regulations, on or after 6th April 2024, intends to rely on entitlement to an enhanced allowance by virtue of the provisions listed in section 256(1) of the 2004 Act (enhanced allowance regulations), he shall give to the provider—

(a)

the reference number issued by the Commissioners under the Registered Pension Schemes (Enhanced Lifetime Allowance) Regulations 2006^f2 in respect of that entitlement; and

(b)

the information referred to in paragraph (3A).”.

In paragraph (5)—