Regulation 14 Information provided to members by scheme administrators about relevant benefit crystallisation eventsF10I1
United Kingdom
The scheme administrator shall provide a statement containing the information in paragraph (3) to each member of the scheme F1or, if the member has died, the member’s personal representatives—
who has an actual (as opposed to prospective) entitlement to be paid a pension, at least once in each tax year, or
in respect of whom a F2relevant benefit crystallisation event has occurred, within 3 months of that event.
This paragraph is subject to the following qualification.
No obligation to provide a statement arises—
under paragraph (1) if a statement is required to be provided under regulation F316, 17 or 17A containing the same information as is required by paragraph (3);
under paragraph (1)(a) in relation to a relevant existing pension (within the meaning of paragraph 10(2) of Schedule 36) to which an individual has an actual (as opposed to prospective) entitlement to be paid a pension on 5th April 2006;
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
The information is the F7amount of the member’s lump sum allowance, and the amount of the member’s lump sum and death benefit allowance, expended by—
F8relevant benefit crystallisation events in respect of the scheme, to the extent that the sums or assets subject to any such event have not been transferred to another registered pension scheme, and
where the first-mentioned scheme has received (whether directly or indirectly) a transfer in respect of the member, any F9relevant benefit crystallisation event, prior to the transfer, in connection with—
the sums or assets represented by the transfer;
sums and assets replaced by the sums or assets mentioned in paragraph (i).
Annotations
Textual amendments
- F1
Words in reg. 14(1) inserted (6.4.2008) by The Registered Pension Schemes (Provision of Information) (Amendment) Regulations 2008 (S.I. 2008/720), regs. 1, 6(a)
- F2
Words in reg. 14(1)(b) substituted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 117(3), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4)
- F3
Words in reg. 14(2)(a) substituted (6.4.2008) by The Registered Pension Schemes (Provision of Information) (Amendment) Regulations 2008 (S.I. 2008/720), regs. 1, 6(b)
- F4
Reg. 14(2)(ba) omitted (for the tax year 2024-25 and subsequent tax years) by virtue of The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2024 (S.I. 2024/356), regs. 1(3), 9(6)
- F5
Words in reg. 14(2)(c) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Registered Pension Schemes (Provision of Information) (Amendment No. 2) Regulations 2015 (S.I. 2015/1455), regs. 1(1)(2), 6
- F6
Words in reg. 14(2)(c) omitted (for the tax year 2024-25 and subsequent tax years) by virtue of Finance Act 2024 (c. 3), Sch. 9 paras. 117(4), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4)
- F7
Words in reg. 14(3) substituted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 117(5)(a), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4)
- F8
Words in reg. 14(3)(a) substituted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 117(5)(b), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4)
- F9
Words in reg. 14(3)(b) substituted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 117(5)(c), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4)
- F10
Words in reg. 14 heading substituted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 117(2), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4)
Commencement
- I1
Reg. 14 in force at 6.4.2006, see reg. 1