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Statutory Instruments

2006 No. 134

INCOME TAX

The Registered Pension Schemes (Authorised Payments) (Transfers to the Pension Protection Fund) Regulations 2006

Made

25th January 2006

Laid before the House of Commons

26th January 2006

Coming into force

6th April 2006

The Commissioners for Her Majesty’s Revenue and Customs, in exercise of the powers conferred by section 164(f) of the Finance Act 2004( 1 ), and now exercisable by them( 2 ), make the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Registered Pension Schemes (Authorised Payments) (Transfers to the Pension Protection Fund) Regulations 2006 and shall come into force on 6th April 2006.

Authorised payments

2. For the purposes of section 164(f) of the Finance Act 2004 (authorised member payments), a transfer of the property, rights and liabilities of a registered pension scheme to the Board of the Pension Protection Fund is a payment of a description that is prescribed.

Paul Gray

Mike Eland

Two of the Commissioners for Her Majesty’s Revenue and Customs

25th January 2006

( 1 )

2004 c. 12 .

( 2 )

The functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(2) of the Commissioners for Revenue and Customs Act 2005 (c. 11) . Section 50 of that Act provides that in so far as it is appropriate in consequence of section 5 a reference, however expressed, to the Commissioners of Inland Revenue is to be read as a reference to the Commissioners for Her Majesty’s Revenue and Customs.

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Registered Pension Schemes (Authorised Payments) (Transfers to the Pension Protection Fund) Regulations 2006 (2006/134)

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