Regulation 5 Amendments to the Principal Regulations

In regulation 4 of the Principal Regulations for the words from “any part of the payment” to the end of the regulation there shall be substituted–

“(a)

any part of the payment which had its origin in a transfer payment from–

(i)

a retirement benefits scheme, or

(ii)

a statutory scheme; and

(b)

any amount of that part which has been certified to him as payable under the rules of the scheme to the individual in respect of whom the transfer payment is made by way of lump sum together with any amount by which that amount has been enhanced at the date of the transfer payment to another personal pension scheme by virtue of regulation 11.”