{
  "url": "https://openlegislation.uk/pensions-schemes-application-of-uk-provisions-to-relevant-non-uk-schemes-regulations-2006/note",
  "json_url": "https://openlegislation.uk/pensions-schemes-application-of-uk-provisions-to-relevant-non-uk-schemes-regulations-2006/note.json",
  "legislation": "uksi/2006/207",
  "legislation_title": "The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/pensions-schemes-application-of-uk-provisions-to-relevant-non-uk-schemes-regulations-2006",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations serve two purposes. First, they provide a method of computing the amount to be charged to UK tax in respect of a payment by a relevant non-UK pension scheme which is referable to a member’s UK tax-relieved funds and secondly they modify the provisions of Part 4 of the Finance Act 2004 (“the Act”) in its application to relevant non-UK schemes.\nRegulation 1 provides for the citation and commencement of the instrument and the interpretation of certain terms used in it.\nRegulation 2 provides the method of computing the amount of a member’s UK tax-relieved fund under a relevant non-UK scheme.\nRegulation 3 provides the method of computing the amount of a member’s relevant transfer fund under a relevant non-UK scheme.\nRegulation 4 provides the rule for attributing payments out of a relevant non-UK scheme which are made to, or in respect of, a member to the member’s UK tax-relieved fund and the relevant transfer fund.\nRegulation 5 introduces the modifications to the Part 4 of the Act.\nRegulations 6 to 17 make the modifications. The purpose of the modifications is to ensure that the new regime for pensions which are subject to UK taxation set out in Part 4 of the Act works in the context of relevant non-UK schemes as defined in paragraph 1(5) of Schedule 34 to the Act.\nRegulation 17 makes a modification to Schedule 34 by inserting a notional paragraph 19A. This provides the Inland Revenue with a discretionary power to mitigate, in relation to relevant non-UK schemes, the charges to tax which would otherwise arise under Part 4 of the Act, if it appears to them that any difference in the operation of the relevant non-UK scheme from that prescribed by Part of the Act is not material, and that it is appropriate to mitigate the effect of the strict rules.\nA regulatory impact assessment in respect of the provisions of Part 4 of the Finance Act 2004 and subordinate legislation under it was published by the Board of Inland Revenue on 8 April 2004, and is available on the Inland Revenue website at www.inlandrevenue.gov.uk/ria/simplifying-pensions.pdf or obtained by writing to Inland Revenue, Capital & Savings Ministerial Correspondence Unit, 1st Floor, Ferrers House, PO Box 38, Castle Meadow Road, Nottingham, NG2 1BB.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/207/note",
    "retrieved_at": "2026-10-29T04:38:50.887764+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."
}