# The Registered Pension Schemes (Authorised Reductions) Regulations 2006

S.I. 2006/1465 · made 6 June 2006

These Regulations provide that the reduction (by way of forfeiture) of a pension in accordance with section 24 of the Chelsea and Kilmainham Hospitals Act 1826 (c. 16) upon the admission of the pensioner to the Royal Hospital, Chelsea does not prevent a pension from satisfying the requirements of paragraph 2(3) of Schedule 28 to the Finance Act 2004 (c. 12). The effect is that a pension capable of forfeiture in these circumstances is still a scheme pension for the purposes of Part 4 of that Act.

Made under: Finance Act 2004 (Schedule 28 paragraph 2)

PDFs: Printed copy https://openlegislation.uk/registered-pension-schemes-authorised-reductions-regulations-2006/pdf/uksi_20061465_en.pdf; Explanatory Memorandum https://openlegislation.uk/registered-pension-schemes-authorised-reductions-regulations-2006/pdf/uksiem_20061465_en.pdf

## Introductory text

INCOME TAX
Made 6th June 2006
Laid before the House of Commons 6th June 2006
Coming into force 27th June 2006
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by paragraph 2(4)(h), (4A) and (8) of Schedule 28 to the Finance Act 2004 and now exercisable by them.

## 1 Citation, commencement and effect

These Regulations may be cited as the Registered Pension Schemes (Authorised Reductions) Regulations 2006, shall come into force on 27th June 2006 and shall have effect in relation to all times on and after 6th April 2006.

## 2 Effect of cessation of pension in connection with admission to Chelsea Hospital

The reduction of a scheme pension upon the admission of the pensioner to Royal Hospital at Chelsea in accordance with section 24 of the Chelsea and Kilmainham Hospitals Act 1826 (pension forfeited upon becoming an in-pensioner at Chelsea) does not prevent that pension from satisfying the condition in sub-paragraph (3) of paragraph 2 of Schedule 28 to the Finance Act 2004 (pension payable in any relevant 12 month period to be not less than that for the previous such period).

## Signature

David Varney
Mike Hanson
Two of the Commissioners for Her Majesty’s Revenue and Customs
6th June 2006

## Explanatory note

(This note is not part of the Regulations)
These Regulations provide that the reduction (by way of forfeiture) of a pension in accordance with section 24 of the Chelsea and Kilmainham Hospitals Act 1826 (c. 16) upon the admission of the pensioner to the Royal Hospital, Chelsea does not prevent a pension from satisfying the requirements of paragraph 2(3) of Schedule 28 to the Finance Act 2004 (c. 12). The effect is that a pension capable of forfeiture in these circumstances is still a scheme pension for the purposes of Part 4 of that Act.
Paragraph 2(8) of Schedule 28 to the Finance Act 2004 provides that regulations under (inter alia) paragraph 2(4)(h) may have effect in respect of times before they are made.
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 8 April 2004, and is available on the HM Revenue and Customs website at www.hmrc.gov.uk/ria/simplifying-pensions.pdf or (for hard copies) by writing to the Ministerial Correspondence Unit, Capital and Savings 1st Floor Ferrers House, PO Box 38, Castle Meadow Road, Nottingham, NG2 1BB.

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Source: https://www.legislation.gov.uk/uksi/2006/1465 (the official version)
Page: https://openlegislation.uk/registered-pension-schemes-authorised-reductions-regulations-2006
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.