[s150(7) and the Pension Schemes (Category of Country &
Requirements for Overseas Pension Schemes & Recognised Overseas
Pension Schemes) Regs - SI2006/206]
A scheme that is established outside the UK by an
international organisation for the purpose of providing benefits
for, or in respect of, past service as an employee of the
organisation does not need to meet the regulation and
tax-recognition conditions in
RPSM13101075 and
RPSM13101080 to be an
overseas pension scheme. It needs instead to
satisfy the following requirements to be an overseas pension
scheme:
UK tax-relieved scheme funds means the sum of the member's UK
tax-relieved fund and their relevant transfer fund. Those terms are
explained in
RPSM13102150 and in
RPSM13102170.
Pension rule 1 in section 165 provides that no payment of
pension may be made before the day on which the member reaches
normal minimum pension age, unless the ill-health condition was met
immediately before the member became entitled to a pension under
the scheme. Guidance on the normal minimum pension age is provided
at
RPSM08100010 to
RPSM08100030, and there is guidance
on the ill-health condition in
RPSM08100070.
An international organisation means an organisation to which
section 1 of the International Organisations Act 1968 applies by
virtue of an Order in Council under subsection (1) of that section.
This category includes the United Nations and the European
Union.
| Glossary ( RPSM20000000) |
