| Paragraph 5 Schedule 36 |
If a retirement benefits scheme, a personal pension scheme or a
retirement annuity contract had tax approval prior to 6 April 2006,
HMRC retain the ability to withdraw that approval with effect from
a date prior to 6 April 2006. This ability to withdraw tax approval
applies even if the notice withdrawing the approval is issued on or
after 6 April 2006. The tax consequences of a withdrawal of
approval where the notice is issued on or after 6 April 2006 are
the same as they would have been if the notice had been issued
prior to 6 April 2006.
The consequences of loss of approval in these circumstances
are covered more fully in the IR12 Occupational Pension Schemes
Guidance Notes and IR76 Personal Pension Schemes Guidance Notes.,
both of which can be found on the HMRC website.
| Glossary ( RPSM20000000) |
