Explanatory note
(This note is not part of the Regulations)
These Regulations prescribe payments a registered pension scheme is authorised to make to or in respect of a member of a pension scheme under section 164(f) of the Finance Act 2004 (c. 12).
Regulation 1 provides for citation and commencement.
Regulation 2 sets out the payments which a registered pension scheme is authorised to make.
A regulatory impact assessment in respect of the provisions of Part 4 of the Finance Act 2004 and subordinate legislation under it was published by the Board of Inland Revenue on 8th April 2004, and is available on HM Revenue & Customs website at http://www.hmrc.gov.uk/ria/simplifying-pensions.pdf or obtained by writing to HM Revenue & Customs, Ministerial Correspondence Unit, 1st Floor, Ferrers House, PO Box 38, Castle Meadow Road, Nottingham, NG2 1BB.