Regulation 9 Basic obligationsI1
United Kingdom
Subject to regulations 10 to 14, any transfer payment accepted by a personal pension scheme in accordance with these Regulations shall only be used for providing benefits listed in section 633(1) of the Taxes Actf1 or for making a further transfer payment subject to the provisions of these Regulations.
Annotations
Commencement
- I1
Reg. 9 in force at 14.2.2001 for specified purposes and 6.4.2001 in so far as not already in force, see reg. 1(1)
Footnotes
- f1
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Section 633(1) was amended by paragraph 3 of Schedule 11 to the Finance Act 1995 (c. 4) and section 172 of the Finance Act 1996 (c. 8).