PART 2Modifications of Part 4 of the Finance Act 2004
CHAPTER 7Transfers
Transfers from PPA in accordance with PSPJOA 2022 treated as recognised transfersI143
1
Any relevant PPA transfer, to the extent that it would otherwise not be a recognised transfer, is to be treated as a recognised transfer.
2
In paragraph (1) “relevant PPA transfer” means—
a
a transfer of sums or assets held for the purposes of a partnership pension account to a Chapter 1 scheme in accordance with regulations made under section 5(1) of PSPJOA 2022 (election for retrospective provision to apply to opted-out service), or
b
a transfer of sums or assets held for the purposes of a partnership pension account to a judicial scheme for the purposes of complying with section 41 of that Act (requirement to transfer and surrender PPA rights).
3
In this regulation “recognised transfer” has the meaning given by section 169 of FA 2004 (recognised transfers)52.