172 Assignment
Finance Act 2004 (2004 c 12) | Legislation

Unauthorised member payments

172 Ìý´¡²õ²õ¾±²µ²Ô³¾±ð²Ô³Ù

(1)     Subsection (2) applies if a member of a registered pension scheme (or the member's personal representatives) assigns or agrees to assign[—

(a)     any benefit, other than an excluded pension, to which the member (or any dependant[, nominee or successor] of the member) has an actual or prospective entitlement under the pension scheme, or

(b)     any right in respect of any sums or assets held for the purposes of any arrangement under the pension scheme].

(2)     Unless the assignment or agreement is pursuant to a pension sharing order or provision, the pension scheme is to be treated as making an unauthorised payment to the member

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