SCHEDULE 34Non-UK schemes: application of certain charges
Lifetime allowance charge
16
(1)
This paragraph applies on the occurrence of a transfer of sums or assets held for the purposes of, or representing accrued rights under, a relieved non-UK pension scheme which (apart from sub-paragraph (2)) would by virtue of paragraph 13 be a benefit crystallisation event in relation to an individual who is a relieved member of the relieved non-UK pension scheme.
(2)
The event is not a benefit crystallisation event if the transfer is a block transfer.
(3)
A transfer is a block transfer if it involves the transfer in a single transaction of all the sums and assets held for the purposes of, or representing accrued rights under, the arrangements under the relieved non-UK pension scheme which relate to—
(a)
the individual, and
(b)
at least one other member of the relieved non-UK pension scheme (whether or not that member is a relieved member).