[554X Exclusions: transfers between certain foreign pension schemes]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[554X  Exclusions: transfers between certain foreign pension schemes]

[(1)     This section applies if rights which A has under a section 390 scheme are transferred to another section 390 scheme or to an overseas pension scheme.

(2)     This section also applies if—

(a)     rights which A has under an overseas pension scheme are transferred to another overseas pension scheme, and

(b)     some or all of the rights transferred are section 390 scheme rights.

(3)     Chapter 2 does not apply by reason of—

(a)     a relevant step within section 554C taken for the sole purpose of transferring the rights, or

(b)     a relevant step within section 554B taken by the transferee in relation to the transferred rights on their transfer.

(4)     Subsection (5) applies in relation to a transfer within subsection (2) if not all the transferred rights are section 390 scheme rights.

(5)     Any relevant

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