RPSM13102710 - Technical Pages: International: Application of charges to non-UK schemes: Modifications: General

General

The Pension Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (SI 2006/207) modify the provisions of Part 4 of the Finance Act 2004 to ensure that the simplified tax regime for registered pension schemes works in the context of relevant non-UK schemes. They modify definitions and terms, switch off and modify certain rules and allow HMRC to use discretion in individual cases.

That is to take account of the different circumstances applying to relevant non-UK schemes and to enable charges to apply to members of such schemes in essentially the same way as they do to members of registered pension schemes.

Schemes that are currently-relieved non-UK pension schemes or relieved non-UK pension schemes also come within the definition of a relevant non-UK scheme (see RPSM13102130). Such schemes are therefore within the scope of these regulations.