RPSM13100530 - Technical Pages: International: Enhancement: Recognised overseas scheme transfer factor: Example of other money purchase arrangement relevant relievable amount

Example of calculating the relevant relievable amount for an other money purchase arrangement

Kate transferred £350,000 from her recognised overseas pension scheme other money purchase arrangement to a registered pension scheme on 6 June 2012.

Kate began working in France on 19 July 2003 and joined her recognised overseas pension scheme other money purchase arrangement on 6 March 2004. She returned to work in the UK on 1 January 2008 and became someone who is not a relevant overseas individual with effect from 6 April 2007. The latest date under step a. in RPSM13100520 is therefore 6 April 2007.

Kate started working in the USA on 1 June 2010 and ceased to be someone who is not a relevant overseas individual with effect from 6 April 2010. That was before she made the transfer to her registered pension scheme and before she ceased to accrue benefits under the recognised overseas pension scheme other money purchase arrangement.

The total contributions made by or in respect of Kate between 6 April 2007 and 6 April 2010 amounted to £150,000. The other money purchase relevant relievable amount is therefore £150,000.