Policy paper

Draft legislation: Overseas Pension Schemes (Miscellaneous Amendments) Regulations 2015

Draft legislation on changes to overseas pension schemes following changes in the Taxation of Pensions Act 2014.

This publication was withdrawn on

This publication was originally archived on 24 March 2015.



HM Revenue and Customs has published a draft Statutory Instrument and draft Explanatory Memorandum for a technical consultation. The changes in the draft regulations include amendments to the requirements for overseas schemes so that no schemes will be required to designate 70% of the UK tax-relieved funds to provide an income for the individual and strengthen the requirements for overseas schemes so that either the scheme (as now) or the provider of the scheme must be regulated in its home country.

Comments on the drafts should be sent by email to pensions.policy@hmrc.gsi.gov.uk by 16 January 2015.

Published 19 December 2014