The Personal Pension Schemes (Transfer Payments) Regulations 2001

1. Introductory Text

2. PART I INTRODUCTORY

   1. 1. Citation, commencement and effect

   2. 2. Interpretation

   3. 3. Requirements under section 638(2) of the Taxes Act

3. PART II PROVISION FOR THE MAKING OF TRANSFER PAYMENTS

   1. 4. Basic obligations

   2. 5. Transfer payments from one personal pension scheme to another—additional obligation to hand over a lump sum certificate where any of the payments originated from certain schemes mentioned in Chapter I

   3. 6. Transfer payments from a personal pension scheme to certain schemes mentioned in Chapter I—additional obligation to hand over a “nil” lump sum certificate where any of the payments originated from such schemes

4. PART III PROVISION FOR THE ACCEPTANCE OF TRANSFER PAYMENTS

   1. 7. Basic obligation

   2. 8. Prohibition of acceptance of certain transfer payments from certain schemes mentioned in Chapter I unless the administrator has obtained a certificate as to the value of the proposed transfer payment

5. PART IV PROVISION FOR THE APPLICATION OF TRANSFER PAYMENTS

   1. 9. Basic obligations

   2. 10. Application of transfer payments to a personal pension scheme from or originating from certain schemes mentioned in Chapter I for the provision of “death benefits”

   3. 11. Application of transfer payments to a personal pension scheme from or originating from certain schemes mentioned in Chapter I for the provision of lump sums to the member

   4. 12. Application of transfer payments to a personal pension scheme where a “nil” lump sum certificate is held

   5. 13. Obligations where there is a pension sharing order or provision

6. PART V EXCEPTIONS TO SECTION 638(7A) OF THE TAXES ACT AND SUPPLEMENTAL

   1. 14. Exceptions to section 638(7A) of the Taxes Act

   2. 15. Revocations and transitional provision

7. Signature

8. Explanatory Note