The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006

• (9) The amount attributed back to a fund will not increase the value of the relevant fund found in accordance regulations 2, 3, 3A, 3B and 3C.

Order of attributing repayment of an overseas transfer charge

4ZE

Any repayment of an overseas transfer charge to a scheme manager will be attributed back to the particular fund or funds from which it was referable.

Transitional Provisions

4ZF

• (1) This regulation applies where the member designated sums and assets as available for payment of a drawdown pension, or became entitled to a scheme pension, before 6th April 2017.

• (2) The payment of the drawdown pension made on or after 6th April 2017 from a flexi-access drawdown fund or drawdown pension fund, to the extent that it relates to the designation made before 6th April 2017, is to be treated as included in the list of payments in regulation 4ZA(3)(a).

• (3) The payment of the scheme pension made on or after 6th April 2017 and from sums and assets applied before 6th April 2017 towards the provision of the scheme pension is to be treated as included in the list of payments in regulation 4ZA(3)(a).

• (4) Where a payment described in paragraphs (2) or (3) is made, the member’s funds will be reduced by the amount of the payment in the order provided by regulation 4ZC(3).

• (5) Where a pension debit is made in respect of sums and assets—

• (a) designated before 6th April 2017 as available for payment of a drawdown pension, or

• (b) applied before 6th April 2017 towards the provision of a scheme pension,

regulation 4ZB(4) is treated as including the amount of the pension debit that derives from those funds.

• (6) Regulation 4ZD does not apply in respect of any sums and assets—

• (a) designated before 6th April 2017 for the payment of a drawdown pension, or

• (b) applied before 6th April 2017 towards the provision of a scheme pension.

Taxable property provisions to apply to a transfer member of a relevant non-UK scheme (to payments referable to his taxable asset transfer fund or ring-fenced taxable asset transfer fund)

Unauthorised payments charge to apply (in lieu of scheme chargeable payment)

Modification of paragraph 15 of Schedule 29A

Modifications of paragraphs 29 and 31 of Schedule 29A

Modifications of Chapter 15A of ITEPA 2003 in respect of relevant non-UK schemes