Amendments of Part 2 of Schedule 36 to FA 2004
73(1)Paragraph 15 (enhanced protection: relevant benefit accrual: interpretation) is amended as follows.
(2)In sub-paragraph (2), in the words before paragraph (a)—
(a)after “relevant event is a” insert “relevant”;
(b)omit “which is not a benefit crystallisation event”.
(3)After sub-paragraph (2) insert—
“(2A)In sub-paragraph (2) “relevant permitted transfer” means a permitted transfer that is not a transfer of sums or assets held for the purposes of, or representing accrued rights under, any of the relevant pension schemes so as to become held for the purposes of, or to represent rights under, a qualifying recognised overseas pension scheme in connection with the individual’s membership of that pension scheme.”