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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order authorises registered pension schemes to make certain payments to which entitlement accrued before 6th April 2006. The effect is to exempt these payments, made on or after 6th April 2006, from the unauthorised payments charge imposed by section 209 of the Finance Act 2004 (c. 12).

This Order does not impose new costs on business.