SCHEDULES
C1SCHEDULE 34Non-UK schemes: application of certain charges F3and protections etc
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
I1C17
1
The member payment provisions apply with respect to a payment made (or treated by this Part as made) to or in respect of—
a
a relieved member of a relevant non-UK scheme, or
b
a transfer member of such a scheme,
subject to any omissions, additions and other modifications contained in regulations made by the Board of Inland Revenue.
2
Regulations under sub-paragraph (1) may—
a
include provision having effect in relation to times before they are made,
b
confer discretion on the Board of Inland Revenue or the Inland Revenue (subject to a right of appeal against any decision taken in exercise of the discretion),
F1ba
contain transitional provisions and savings,
c
make different provision in relation to payments treated (in accordance with regulations under paragraph 3(6) or 4(4)) as being referable to a member’s UK tax-relieved fund, or to a member’s relevant transfer fund F2or ring-fenced transfer funds, under a relevant non-UK scheme, and
d
otherwise make different provision for different cases.
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)