Statutory Instruments
2012 No. 2940
Income Tax
The Registered Pension Schemes (Relevant Annuities) (Amendment) Regulations 2012
Made
23rd November 2012
Laid before the House of Commons
27th November 2012
Coming into force
21st December 2012
Citation, commencement, interpretation and effect
1. —(1) These Regulations may be cited as the Registered Pension Schemes (Relevant Annuities) (Amendment) Regulations 2012 and come into force on 21st December 2012.
(2) In these Regulations “the 2006 Regulations” means the Registered Pension Schemes (Relevant Annuities) Regulations 2006 ( 3 ).
(3) The amendments made by these Regulations have effect in relation to—
(a) relevant dates (as defined in regulations 3(2) and 3(3) of the 2006 Regulations) falling on or after 21st December 2012,
(b) reference periods beginning on or after 21st December 2012, in relation to which the relevant date falls prior to 21st December 2012, and
(c) drawdown pension years beginning on or after 21st December 2012 and after the member or dependant’s 75th birthday, in relation to which the relevant date falls prior to 21st December 2012.
Amendment of the 2006 Regulations
2. —(1) Regulation 3 of the 2006 Regulations (definition of “annual amount”) is amended as follows.
(2) For sub-paragraph (1)(b) substitute—
“ (b) the purchaser were male and the same age as the member or dependant (but in any case where that age is greater than 85, it shall be treated as 85). ” .
(3) In paragraph (2)(a)(i) for “paragraph 10(3)(a) or 24(3)(a)” substitute “paragraph 10(3) or 24(3)”.
Nick Lodge
Simon Bowles
Two of the Commissioners for Her Majesty’s Revenue and Customs
23rd November 2012
2004 c. 12 ; the powers in paragraphs 14(2) and 14(3) were conferred on the Board of Inland Revenue. Section 279(1) defines “the Board of Inland Revenue” for these purposes as meaning “the Commissioners of Inland Revenue”. These functions of the Commissioners of Inland Revenue were transferred to the Commissioners for Her Majesty’s Revenue and Customs by section 5(1) of the Commissioners for Revenue and Customs Act 2005 (c. 11) . Section 50(1) of that Act provides that, in consequence, the reference to the Commissioners of Inland Revenue (however expressed) is to be taken as a reference to the Commissioners for Her Majesty’s Revenue and Customs.
Section 282(A1) was inserted by section 75(1) of the Finance Act 2009 (c. 10) .
S.I. 2006/129 , amended by S.I. 2011/1751 .