# The Taxation of Pension Schemes (Transitional Provisions) Order 2006, Article 21: Transfers and entitlement to lump sums exceeding 25% of uncrystallised rights

Extent: E+W+S+N.I.

(1) Article 23 applies if—
(a) a person was a member of a pension scheme—
(i) which was in existence on 5th April 2006; and
(ii) which is treated as becoming a registered pension scheme within Part 4 of the Finance Act 2004 on 6th April 2006 (see paragraph 1 of Schedule 36 to that Act); and
(b) on or after 6th April 2006 sums and assets held for the purposes of, or representing accrued rights, under the registered pension scheme are transferred, otherwise than by a block transfer—
(i) to another registered pension scheme; or
(ii) to a registered pension scheme from a registered pension scheme which has received a block transfer of the sums and assets referred to in sub-paragraph 1(b) of this article.
(2) In this article “block transfer” has the meaning given in paragraph 31(8) of Schedule 36 (entitlement to lump sums exceeding 25% of uncrystallised rights).

---
Source: https://www.legislation.gov.uk/uksi/2006/572/article/21 (the official version)
Page: https://openlegislation.uk/taxation-of-pension-schemes-transitional-provisions-order-2006/article-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.