RPSM03104070 - Technical Pages:
Protecting pension rights from tax charges: Enhanced protection:
Cessation
Actions causing cessation of enhanced protection
[Para 12(2) - 12(2C) Sch 36 & Reg 4 The Pension Schemes
(Enhanced Lifetime Allowance) Regulations 2006 - SI
2006/131]
Enhanced protection will be lost in the following
circumstances
- where ‘relevant benefit
accrual’ occurs under any
arrangement in a
registered pension scheme - see
RPSM03104080 and
RPSM03104500 for more
information;
- where a transfer is made from any
arrangement holding rights for the individual in a registered
pension scheme and that transfer is not a “permitted
transfer” - see
RPSM03104090 and
RPSM03104092;
- where a new arrangement relating to the
individual is made under a registered pension scheme otherwise
than
- to receive a permitted transfer – see
RPSM03104095;
- as part of a retirement-benefit activities
compliance exercise - see
RPSM03104096; or
- as part of an age-equality compliance exercise -
see
RPSM03104096;
- where an arrangement receives an
impermissible transfer (see
RPSM03104097); and
- where the member notifies HMRC that they
no longer wish to be covered by enhanced protection.
