Regulation 14ZB Passing-on by member of information under regulation 14ZA if active or contributing etcF1

(1)

Paragraphs (3) and (4) apply if—

(a)

an individual receives a statement under regulation 14ZA from the scheme administrator of a registered pension scheme (the “flexed” registered pension scheme), and

(b)

on the date of the relevant event concerned, or at any later time, the individual is an accruing member (see paragraph (7)) of the flexed or any other registered pension scheme.

(2)

In this regulation—

“the relevant 13-week period” means the period of 91 days beginning with—
1. (a)
  the date of receipt if the individual is an accruing member of any registered pension scheme on any day in the period—
  1. (i)
    beginning with the date of the relevant event concerned, and
  2. (ii)
    ending with the date of receipt, or
2. (b)
  if not, the first day after the date of receipt when the individual is an accruing member of a registered pension scheme, and
“the intervening period” means the period—
1. (a)
  beginning with the date of the relevant event concerned, and
2. (b)
  ending with the first day of the relevant 13-week period.

(3)

The individual must before the end of the relevant 13-week period—

(a)

pass on a copy of the statement, or

(b)

otherwise give notice—

(i)

of receipt of the statement, and

(ii)

of the date of the relevant event concerned or (if applicable) of its having occurred more than 2 years before the start of the relevant 13-week period,

to the scheme administrator of each other registered pension scheme of which the individual is an accruing member on any day in the intervening period; but this is subject to paragraph (6).

(4)

Where, in the case of a particular registered pension scheme other than the flexed scheme, the individual is not an accruing member of that other scheme on any day in the intervening period but becomes an accruing member of that other scheme on a day ( “ the activation day ”) after the last day of that period, the individual must before the end of the 91 days beginning with the activation day—

(a)

pass on a copy of the statement, or

(b)

otherwise give notice—

(i)

of receipt of the statement, and

(ii)

of the date of the relevant event concerned or (if applicable) of its having occurred more than 2 years before the activation day,

to the scheme administrator of that other scheme; but this is subject to paragraphs (5) and (6).

(5)

Paragraph (4) does not apply in connection with the individual becoming an accruing member of any particular scheme if the individual becomes an accruing member of that scheme upon or after becoming a member of that scheme as a result of a recognised transfer after the date of the relevant event concerned.

(6)

Paragraph (3) or (4), as the case may be, does not require the information concerned to be provided to the scheme administrator of a particular scheme if the individual has complied with regulation 14ZD(3) or (4) or 14ZE(3) or (4), F2or has complied with regulation 3AB(2) or (3) of the Pension Schemes (Information Requirements for Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) Regulations 2006, or has previously complied with paragraph (3) or (4), in relation to the scheme administrator of that scheme.

(7)

For the purposes of this regulation, the individual is an accruing member of a registered pension scheme on any particular day if—

(a)

the individual is an active member of the scheme on that day as a result of there presently being arrangements for the accrual of benefits to or in respect of the individual under a cash balance arrangement or hybrid arrangement, or

(b)

a relevant contribution is made under the scheme on that day.

(8)

For the purposes of this regulation, a relevant contribution is made under a registered pension scheme if—

(a)

a relievable pension contribution is paid by or on behalf of the individual under a non-cash-balance money purchase arrangement relating to the individual under the scheme,

(b)

a contribution is paid in respect of the individual by an employer of the individual under a non-cash-balance money purchase arrangement relating to the individual under the scheme, or

(c)

a contribution—

(i)

paid under the scheme by an employer of the individual, and

(ii)

paid otherwise than in respect of any individual,

becomes held for the purposes of a non-cash-balance money purchase arrangement relating to the individual under the scheme;

and in this paragraph “non-cash-balance money purchase arrangement” means a money purchase arrangement other than a cash balance arrangement.

Annotations

Textual amendments

F1: Regs. 14ZA-14ZE inserted (6.4.2015) by Taxation of Pensions Act 2014 (c. 30), Sch. 1 paras. 87, 91(a) (with Sch. 1 para. 91(b))
F2: Words in reg. 14ZB(6) inserted (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), 8