The Registered Pension Schemes and Relieved Non-UK Pension Schemes (Lifetime Allowance Transitional Protection) (Amendment) Regulations 2013

Amendment to the Registered Pension Schemes (Lifetime Allowance Transitional Protection) Regulations 2011

3.—(1) The Registered Pension Schemes (Lifetime Allowance Transitional Protection) Regulations 2011(1) is amended by paragraphs (2) and (3).

(2) In Regulation 4(2) for paragraph (b) substitute—

“(b) received by Her Majesty’s Revenue and Customs on or before the following dates—

(i) if it relates to an individual described in sub-paragraph (1) of paragraph 14, 5 April 2012; or

(ii) if it relates to an individual described in sub-paragraph (1A) of paragraph 14, 5 April 2014.”.

(3) In Regulation 13(1) omit “in relation to any sums or assets held for the purposes of a registered pension scheme”.

(1)

S.I. 2011/1752. The Registered Pension Schemes (Lifetime Allowance Transitional Protection) Regulations 2011 (“the Regulations”) were made under section 251(1) of the Finance Act 2004 and paragraphs 14(2) and 15 of Schedule 18 to the Finance Act 2011. Paragraphs 14(2) and 15 of Schedule 18 to the Finance Act 2011 were omitted, and a new paragraph 15 inserted by sections 47(2) and (3) of the Finance Act 2013; the Regulations, however, by virtue of section 47(5) of the Finance Act 2013 continue to have effect so far as made under paragraphs 14(2) and 15 as though they were made under paragraphs 16 and 17(1) of that Schedule.