Regulation 4 Amendment of the Registered Pension Schemes (Transfer of Sums and Assets) Regulations 2006

Regulation 6(2) (lifetime annuity – unauthorised payments and prescribed purposes) is amended as follows.

In Table 2 (prescribed purposes – lifetime annuities) above the entry relating to section 172A (surrender)^f1 insert the following—

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Section 165(1), pension rule 1

To determine whether the individual has reached the normal minimum pension age by reference to the day on which the original lifetime annuity was first paid.

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