SCHEDULES

SCHEDULE 11 Personal pensions: income withdrawals

Other restrictions on approval

9

In section 638 (other restrictions on approval), after subsection (7) insert—

7A

The Board shall not approve a personal pension scheme unless it prohibits, except in such cases as may be prescribed by regulations made by the Board—

a

the acceptance of further contributions, and

b

the making of transfer payments,

after the date which is the member’s pension date in relation to the arrangements in question.