Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) (Amendment) Regulations 2011 come into force
Implementation date: 11 August 2011
The Regulations amend the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997 (SI 1997/785), pursuant to the changes made to the taxation of pension scheme contributions by the Finance Act 2011. They remove a legislative obstacle that would have prevented a reduction to a pension scheme member’s benefits if the scheme paid the annual allowance tax charge on behalf of that member. The Regulations can be viewed on the UK legislation website.