The Occupational Pension Schemes (Collective Money Purchase Schemes) (Amendment) Regulations 2024
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
5 Amendment of Schedule 6
(1) Schedule 6 (continuity option 1: transfer out and winding up) is amended as follows. (2) In paragraph 1(1)— (a) after the definition of “default discharge option” insert— “dependant” has the meaning given in paragraph 15 of Schedule 28 to the Finance Act 2004; “dependants’ income withdrawal” has the meaning given in paragraph 21 of Schedule 28 to the Finance Act 2004; “dependant’s flexi-access drawdown fund” has the meaning given in paragraph 22A of Schedule 28 to the Finance Act 2004; ; (b) after the definition of “member’s flexi-access drawdown fund” insert— “nominee” has the meaning given in paragraph 27A of Schedule 28 to the Finance Act 2004; “nominees’ income withdrawal” has the meaning given in paragraph 27D of Schedule 28 to the Finance Act 2004; “nominee’s flexi-access drawdown fund” has the meaning given in paragraph 27E of Schedule 28 to the Finance Act 2004; ; (c) after the definition of “quantification” insert— “successor” has the meaning given in paragraph 27F of Schedule 28 to the Finance Act 2004; “successors’ income withdrawal” has the meaning given in paragraph 27J of Schedule 28 to the Finance Act 2004; “successor’s flexi-access drawdown fund” has the meaning given in paragraph 27K of Schedule 28 to the Finance Act 2004; . (3) After paragraph 2(1)(b) insert— (c) transferring the value of those rights to a dependant’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the dependant to dependants’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.); (d) transferring the value of those rights to a nominee’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the nominee to nominees’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.); (e) transferring the value of those rights to a successor’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the successor to successors’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.). . (4) After paragraph 14(2)(c) insert— (ca) transferring the value of those rights to a dependant’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the dependant to dependants’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.); (cb) transferring the value of those rights to a nominee’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the nominee to nominees’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.); (cc) transferring the value of those rights to a successor’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the successor to successors’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.); .
5 Amendment of Schedule 6
(1) Schedule 6 (continuity option 1: transfer out and winding up) is amended as follows. (2) In paragraph 1(1)— (a) after the definition of “default discharge option” insert— “dependant” has the meaning given in paragraph 15 of Schedule 28 to the Finance Act 2004; “dependants’ income withdrawal” has the meaning given in paragraph 21 of Schedule 28 to the Finance Act 2004; “dependant’s flexi-access drawdown fund” has the meaning given in paragraph 22A of Schedule 28 to the Finance Act 2004; ; (b) after the definition of “member’s flexi-access drawdown fund” insert— “nominee” has the meaning given in paragraph 27A of Schedule 28 to the Finance Act 2004; “nominees’ income withdrawal” has the meaning given in paragraph 27D of Schedule 28 to the Finance Act 2004; “nominee’s flexi-access drawdown fund” has the meaning given in paragraph 27E of Schedule 28 to the Finance Act 2004; ; (c) after the definition of “quantification” insert— “successor” has the meaning given in paragraph 27F of Schedule 28 to the Finance Act 2004; “successors’ income withdrawal” has the meaning given in paragraph 27J of Schedule 28 to the Finance Act 2004; “successor’s flexi-access drawdown fund” has the meaning given in paragraph 27K of Schedule 28 to the Finance Act 2004; . (3) After paragraph 2(1)(b) insert— (c) transferring the value of those rights to a dependant’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the dependant to dependants’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.); (d) transferring the value of those rights to a nominee’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the nominee to nominees’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.); (e) transferring the value of those rights to a successor’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the successor to successors’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.). . (4) After paragraph 14(2)(c) insert— (ca) transferring the value of those rights to a dependant’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the dependant to dependants’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.); (cb) transferring the value of those rights to a nominee’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the nominee to nominees’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.); (cc) transferring the value of those rights to a successor’s flexi-access drawdown fund in respect of an arrangement for the purposes of entitlement by the successor to successors’ income withdrawal which is an authorised member payment for the purposes of Part 4 of the Finance Act 2004 (pension schemes etc.); .
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.