{
  "url": "https://openlegislation.uk/registered-pension-schemes-unauthorised-payments-by-existing-schemes-regulations-2006/note",
  "json_url": "https://openlegislation.uk/registered-pension-schemes-unauthorised-payments-by-existing-schemes-regulations-2006/note.json",
  "legislation": "uksi/2006/365",
  "legislation_title": "The Registered Pension Schemes (Unauthorised Payments by Existing Schemes) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/registered-pension-schemes-unauthorised-payments-by-existing-schemes-regulations-2006",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations provide that a payment, made by an existing pension scheme falling within paragraph 1(1) of Schedule 36 to the Finance Act, on or after 6th April 2006, is a payment of a description prescribed for the purposes of section 241(2) of that Act. But it is only a payment of such a description to the extent that it is referable to subsisting rights which have accrued under defined benefits arrangements before that day, or to contributions which have been paid to a scheme under money purchase arrangements on or before that day.\nThe effect of the Regulations is to exempt the payment from being a scheme chargeable payment. But the exemption is limited in the case of a payment which is a refund of additional voluntary contributions.\nRegulation 1 provides for the citation and commencement of these Regulations.\nRegulation 2 describes a payment which is exempted from being a scheme chargeable payment.\nThese Regulations do not impose new costs on business.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/365/note",
    "retrieved_at": "2026-10-29T04:37:44.498819+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}