There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Taxation of Pension Schemes (Transitional Provisions) Order 2006. Any changes that have already been made by the team appear in the content and are referenced with annotations.
6. The modifications in articles 7 and 8 apply in the case of a member of a registered pension scheme who satisfies the following conditions.
Condition A
The registered pension scheme was, immediately before 6th April 2006, a retirement benefits scheme approved for the purposes of Chapter 1 of Part 14 of ICTA (retirement benefits schemes).
Condition B
The member had a right under the pension scheme to a life cover lump sum on 5th April 2006.
Condition C
The rules of the pension scheme on 10th December 2003 included provision conferring such a right on some or all of the persons who were then members of the pension scheme, and such a right was either then conferred on the member or would have been had the member been a member of the scheme on that date.
Condition D
The rules of the scheme in relation to life cover lump sums have not been changed since 10th December 2003.
Condition E
The member was—
in receipt of benefits from the scheme on or before 5th April 2006, or
entitled to one or more life cover lump sums, amounting in the aggregate, to £2,500 or less.
Commencement Information
I1Art. 6 in force at 6.4.2006, see art. 1(1)
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