[F19ZB(1)Sub-paragraph (2) has effect if at any particular time—U.K.
(a)an individual is a transfer member of a relevant non-UK scheme,
(b)the scheme is, or at any previous time has been, a qualifying recognised overseas pension scheme, and
(c)the particular time is not in a tax year in relation to which the scheme is a currently-relieved non-UK pension scheme of which the individual is a currently-relieved member.
(2)Section 227G applies in the individual's case as if the scheme, so far as relating to the individual's relevant transfer fund [F2or ring-fenced transfer funds] under the scheme, were a registered pension scheme at the particular time.
(3)The reference in sub-paragraph (2) to the individual's relevant transfer fund under the relevant non-UK scheme is to be read in accordance with paragraph 4.
[F3(4)The reference in sub-paragraph (2) to the individual's ring-fenced transfer funds under the relevant non-UK scheme is to be read in accordance with paragraph 1.]]
Textual Amendments
F1Sch. 34 paras. 9ZA, 9ZB inserted (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), Sch. 1 para. 95(7)
F2Words in Sch. 34 para. 9ZB(2) inserted (retrospective to 9.3.2017) by Finance Act 2017 (c. 10), Sch. 4 paras. 7(2), 8
F3Sch. 34 para. 9ZB(4) inserted (retrospective to 9.3.2017) by Finance Act 2017 (c. 10), Sch. 4 paras. 7(3), 8