The Registered Pension Schemes and Overseas Pension Schemes (Miscellaneous Amendments) Regulations 2012

Amendments to the Pension Schemes (Information Requirements - Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pensions Schemes and Corresponding Relief) Regulations 2006

8.—(1) Regulation 3 (information – qualifying recognised overseas pension schemes) is amended as follows.

(2) In paragraph (2)(a)—

(a) after “name and” insert “principal residential”; and

(b) at the end omit “and”.

(3) After paragraph (2)(a) insert—

“(aa) the relevant member’s national insurance number, if any; and”.

(4) In paragraph (3) for “the relevant member” to the end substitute—

“the following conditions are met—

(a) at the date of the payment more than ten years has elapsed beginning with the date on which the relevant transfer fund in respect of the relevant member came into existence; and

(b) the relevant member to whom the payment is made or treated as made is a person to whom the member payment provisions do not apply (see paragraph 2 of Schedule 34).”.

(5) In paragraph (5) for “provided by 31st January” to the end substitute—

“provided—

(a) within 90 days beginning with the day on which the payment is made or is treated as made; or

(b) by such other time as may be agreed between an officer of Revenue and Customs and the scheme manager.”.

(6) After paragraph (5) insert—

“(5A) Where the scheme manager is a company it must provide the names and addresses of the directors of the company to an officer of Revenue and Customs if required to do so in writing, and within such time as may be specified, by the officer.”.

(7) In paragraph (6) in the definition of “relevant member” omit from “within the meaning” to the end.

(8) After paragraph (6) insert—

“(7) For the purposes of this regulation and regulation 3B “relevant transfer fund” has the meaning given in paragraph 4(2) of Schedule 34.”.