1.—(1) These Regulations may be cited as the Registered Pension Schemes (Transfer of Sums and Assets) (Amendment) Regulations 2008 and shall come into force on 1st November 2008.
(2) These Regulations have effect in relation to surrenders of and agreements to surrender rights to payments under lifetime annuities or dependants’ annuities made on or after 10th October 2007.
(3) Expressions used in paragraph (2) shall be construed in accordance with section 172A of the Finance Act 2004(1).
Section 172A was inserted by paragraph 38 of Schedule 10 to the Finance Act 2005, and amended by paragraph 469 of Schedule 1 to the Income Tax Act 2007 (c. 3), paragraph 6 of Schedule 20 to the Finance Act 2007 (c. 11), and paragraph 3 of Schedule 28 to the Finance Act 2008 (c. 9).