UK Statutory Instrument 2001 United Kingdom

The Personal Pension Schemes (Transfer Payments) Regulations 2001

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At a glance

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3 compliance obligations

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

s.007

Basic obligation

  • Personal pension schemes – only accept transfer payments from approved sources
s.008

Prohibition of acceptance of certain transfer payments from certain schemes mentioned in Chapter I unless the administrator has obtained a certificate as to the value of the proposed transfer payment

  • Do not accept transfer payments from certain pension schemes without a certificate of value
s.009

Basic obligations

  • Use transfer payments only for permitted benefits or further transfers
Browse 12 other sections — procedural / definitional / commencement
s.001

Citation, commencement and effect

s.002

Interpretation

s.003

Requirements under section 638(2) of the

s.004

Basic obligations

s.005

Transfer payments from one personal pension scheme to another—additional obligation to hand over a lump sum certificate where any of the payments originated from certain schemes mentioned in Chapter I

s.006

Transfer payments from a personal pension scheme to certain schemes mentioned in Chapter I—additional obligation to hand over a “nil” lump sum certificate where any of the payments originated from such schemes

s.010

Application of transfer payments to a personal pension scheme from or originating from certain schemes mentioned in Chapter I for the provision of “death benefits”

s.011

Application of transfer payments to a personal pension scheme from or originating from certain schemes mentioned in Chapter I for the provision of lump sums to the member

s.012

Application of transfer payments to a personal pension scheme where a “nil” lump sum certificate is held

s.013

Obligations where there is a pension sharing order or provision

s.014

Exceptions to section 638(7A) of the Taxes Act

s.015

Revocations and transitional provision

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