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Regulation 4 Amendments to the Registered Pension Schemes (Authorised Payments) Regulations 2009

Original text. Later amendments are not shown.

After regulation 5 (prescribed payments and taxation) insert—

“5A.

A payment by a registered pension scheme that is described in Part 5 of these Regulations—

(a)

is a payment of a prescribed description for the purposes of section 164(1)(f) of the Finance Act 2004; and

(b)

shall be treated as a short service refund lump sum for the purposes of Part 9 of ITEPA 2003f1.”.

Annotations

Footnotes

f1

“ITEPA 2003” is defined by section 280 of the Finance Act 2004 as the Income Tax (Earnings and Pensions) Act 2003 (c. 1). Part 9 of that Act was amended by paragraphs 1 and 11 of Schedule 31 to the Finance Act 2004.