2. A transfer of the property, rights and liabilities of a registered pension scheme(1) to the Secretary of State is to be treated as if it were a payment authorised by section 164(1) of the FA 2004(2) (authorised member payments).
“Registered pension scheme” is defined in section 73(8) of the Finance Act 2009.
Section 164(1) was numbered as such, and subsection (2) was inserted, by paragraph 1(2) of Schedule 29 to the Finance Act 2008 (c.9). The introductory words of subsection (1) were amended by paragraph 6(a) of Schedule 23 to the Finance Act 2006 (c.25). Subsection (2)(d) was repealed by section 75(2)(a) of the Finance Act 2009.