SCHEDULES

C2SCHEDULE 34Non-UK schemes: application of certain charges F3and protections etc

Annotations:
Amendments (Textual)
F3

Words in Sch. 34 heading inserted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 64(2), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4)

Modifications etc. (not altering text)
C2

Sch. 34 modified (6.4.2006) by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (S.I. 2006/207), regs. 1(1), 17 (as amended (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 62(7), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4))

Member payment charges

I1C1C25

F1Sections 205 to 206 (short service refund lump sum chargeF2... and special lump sum death benefits charge) apply with respect to a lump sum or lump sum death benefit paid to or in respect of—

a

a relieved member of a relevant non-UK scheme, or

b

a transfer member of such a scheme,

so as to make the person to whom the lump sum or lump sum death benefit is paid (rather than the scheme administrator) liable to any charge imposed by either of those sections.