{
  "url": "https://openlegislation.uk/personal-pension-schemes-deferred-annuity-purchase-acceptance-of-contributions-regulations-1996/note",
  "json_url": "https://openlegislation.uk/personal-pension-schemes-deferred-annuity-purchase-acceptance-of-contributions-regulations-1996/note.json",
  "legislation": "uksi/1996/805",
  "legislation_title": "The Personal Pension Schemes (Deferred Annuity Purchase) (Acceptance of Contributions) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/personal-pension-schemes-deferred-annuity-purchase-acceptance-of-contributions-regulations-1996",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nBy virtue of subsection (7A) of section 638 of the Income and Corporation Taxes Act 1988 (inserted by paragraph 9 of Schedule 11 to the Finance Act 1995) (“subsection 7A”), the Board of Inland Revenue may not approve a personal pension scheme for the purposes of Chapter IV of Part XIV of the 1988 Act which fails to prohibit (except in such cases as may be prescribed in regulations made by the Board) the acceptance of further contributions and the making of transfer payments in respect of a member of the scheme after the date (“the pension date”) on which the member elects to defer the purchase of an annuity under the scheme and to make income withdrawals from the scheme during the deferral period.\nThese Regulations prescribe as a case for the purposes of subsection (7A) the acceptance after the pension date of minimum contributions paid by the Department of Social Security in respect of the member.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/805/note",
    "retrieved_at": "2026-10-29T12:47:37.388965+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."
}