Statutory Instruments
2006 No. 1465
INCOME TAX
The Registered Pension Schemes (Authorised Reductions) Regulations 2006
Made
6th June 2006
Laid before the House of Commons
6th June 2006
Coming into force
27th June 2006
Citation, commencement and effect
1. These Regulations may be cited as the Registered Pension Schemes (Authorised Reductions) Regulations 2006, shall come into force on 27th June 2006 and shall have effect in relation to all times on and after 6th April 2006.
Effect of cessation of pension in connection with admission to Chelsea Hospital
2. The reduction of a scheme pension upon the admission of the pensioner to Royal Hospital at Chelsea in accordance with section 24 of the Chelsea and Kilmainham Hospitals Act 1826( 3 ) (pension forfeited upon becoming an in-pensioner at Chelsea) does not prevent that pension from satisfying the condition in sub-paragraph (3) of paragraph 2 of Schedule 28 to the Finance Act 2004(pension payable in any relevant 12 month period to be not less than that for the previous such period).
David Varney
Mike Hanson
Two of the Commissioners for Her Majesty’s Revenue and Customs
6th June 2006
2004 c. 12 . Sub-paragraphs (4)(h), (4A) and (8) were inserted by paragraph 11(1), (6), (7) and (9) of Schedule 10 to the Finance Act 2005 (c. 7) . Sub-paragraph (4A) is cited because of the extension of the concept of reduction in sub-paragraph (4) to circumstances where a pension ceases to be payable either temporarily or permanently.
The functions of the Commissioners of Inland Revenue, including those under which this instrument is made, were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5 of the Commissioners for Revenue and Customs Act 2005 (c. 11) . Section 50 of that Act provides that so far as is appropriate in consequence of section 5, references in other enactments to the former Commissioners (in whatever terms) are to be read as references to the new Commissioners.
1826 c. 16 . Section 24 was repealed for certain purposes by section 1 of 9 & 10 Vict. c. 10, and partly repealed (for all purposes) by the Statute Law Revision (No. 2) Act 1888 (c. 57) and section 1 of the Statute Law Repeals Act 1976 (c. 16) .