Policy paper

Draft legislation: The Registered Pension Schemes (Transfer of Sums and Assets) (Amendment) Regulations 2015

Draft legislation on changes to annuity transfers following changes in the Taxation of Pensions Act 2014.

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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. A number of changes are being made to ensure that transfers of annuities in payment do not lead to unintended tax consequences.

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

Published 19 December 2014