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Section 63 Scheme rules that prohibit unauthorised paymentsI1I2C1

United Kingdom

(1)

Subsection (2) applies where—

(a)

a payment from a judicial scheme is permitted or required to be made under or by virtue of this Chapter,

(b)

the payment, if made, would be an unauthorised payment, and

(c)

a rule of the scheme prohibits the scheme from making unauthorised payments.

(2)

The payment may be made only if it falls within a description of payments specified for the purposes of this section in Treasury directions.

(3)

Subsection (4) applies where—

(a)

in the course of taking the step mentioned in section 41(3)(a) or (6)(a) (requirement to transfer assets held in partnership pension account) a payment is made from a partnership pension account,

(b)

the payment, if made, would be an unauthorised payment, and

(c)

a rule of the scheme prohibits the scheme from making unauthorised payments.

(4)

The payment may be made notwithstanding the rule mentioned in subsection (3)(c).

(5)

In this section “unauthorised payment” means a payment that is an unauthorised payment for the purposes of Part 4 of FA 2004 (see section 160(5) of that Act).

Annotations

Modifications

C1

Ss. 40-66 excluded (5.7.2023) by The Judicial Pensions (Remediable Service etc.) Regulations 2023 (S.I. 2023/766), regs. 1(b), 9(2)

Commencement

I1

S. 63 in force at Royal Assent for specified purposes, see s. 131(1)

I2

S. 63 in force at 4.7.2023 in so far as not already in force by S.I. 2023/746, reg. 2(a)