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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the Registered Pension Schemes (Authorised Payments) Regulations 2009 (S.I. 2009/1171) which provide that a variety of payments will be authorised payments when made by pension schemes to or in respect of their members.

Regulation 11A provides that a commutation payment that is not otherwise permitted by the provisions in the Finance Act 2004, will be an authorised payment if the requirements prescribed under that regulation are fulfilled. This amendment has effect from 6th April 2012.

A Tax Information and Impact Note, covering this instrument was published on 6th December 2011 and is available on the HMRC website at www.hmrc.gov.uk. It remains an accurate summary of the impacts that apply to this instrument.