RPSM03101060 - Technical Pages: Protecting pension rights from tax charges: Valuing pension rights at 5 April 2006: Uncrystallised rights - relevant pension arrangement

Uncrystallised pension rights: what is a relevant pension arrangement?

Relevant pension arrangement has the meaning given in paragraph 1(1) of Schedule 36 Finance Act 2004, but briefly a relevant arrangement is an arrangement under any of the following

1. a retirement benefits scheme approved under Chapter I Part 14 Income and Corporation Taxes Act (ICTA) 1988
   
2. a scheme formerly approved under section 208 ICTA 1970
   
3. a relevant statutory scheme (as defined in section 611A ICTA 1988) or a scheme treated by HMRC as if it were a relevant statutory scheme
   
4. an annuity contract not providing current benefits entered into in relation to (a) to (c) inclusive
   
5. a Parliamentary scheme or fund mentioned in s613(4)(b) to (d) ICTA 1988
   
6. a retirement annuity contract or substituted contract
   
7. a personal pension scheme approved under Chapter 4 Part 14 ICTA 1988

Rights held in FURBSs (funded unapproved retirement benefit schemes) and UURBSs (unfunded unapproved retirement benefit schemes) on 5 April 2006 are not rights in relevant pension arrangements.