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The Personal Pension Schemes (Transfer Payments) Regulations 2001
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- 2001 No. 119
- PART IV
- Regulation 9
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9. Subject to regulations 10 to 14, any transfer payment accepted by a personal pension scheme in accordance with these Regulations shall only be used for providing benefits listed in section 633(1) of the Taxes Act(1) or for making a further transfer payment subject to the provisions of these Regulations.
(1)
Section 633(1) was amended by paragraph 3 of Schedule 11 to the Finance Act 1995 (c. 4) and section 172 of the Finance Act 1996 (c. 8).
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