
2022 No. 723
Income Tax
The Registered Pension Schemes (Authorised Member Payments) Regulations 2022
Made 29th June 2022
Laid before the House of Commons 30th June 2022
Coming into force 1st August 2022
The Commissioners for Her Majesty’s Revenue and Customs make the following Regulations in exercise of the powers conferred by section 164(1)(f) of the Finance Act 2004, and now exercisable by them.
Citation and commencement
1 
These Regulations may be cited as the Registered Pension Schemes (Authorised Member Payments) Regulations 2022 and come into force on 1st August 2022.
Interpretation
2 
In these Regulations—
 “2022 Act” means the Dormant Assets Act 2022;
 “dormant” has the meaning given in section 7 of the 2022 Act;
 “eligible pension benefits” has the meaning given in section 6 of the 2022 Act;
 “transfer” means a transfer of the description given in section 5(1) of the 2022 Act.
Prescription of authorised member payments
3 
A transfer of dormant eligible pension benefits is a payment of a description that is prescribed for the purposes of section 164(1)(f) of the Finance Act 2004 (authorised member payments).
Angela MacDonald
Jim Harra
Two of the Commissioners for Her Majesty’s Revenue and Customs
29th June 2022