# Pension Schemes Act 2026, Section 25: Exempt pots

Extent: E+W+S

(1) A small dormant pension pot is “exempt” if—
(a) prescribed conditions are met in relation to the pot, and
(b) the trustees or managers of the scheme that holds it determine that it is in the best interests of the individual for whom the pot is held that it should not be transferred in accordance with small pots regulations.
(2) A determination in relation to an individual under subsection (1)(b) may be made by reference to a class of individuals of which the individual in question is a member.
(3) Small pots regulations may include further provision about how determinations under subsection (1)(b) are to be made.

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Source: https://www.legislation.gov.uk/ukpga/2026/22/section/25 (the official version)
Page: https://openlegislation.uk/pension-schemes-act-2026/section-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.