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.
|
| Glossary ( RPSM20000000) |
