(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
The changes came into effect in 2 stages. The tax charge of
35% applies to payments made on or after 19 March 1986. The
requirements for reporting, valuing and reducing surpluses came
into effect on 6 April 1987.
