Q9. De-registration of pension scheme

- De-registration charge

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- Income tax charged at 40% when registration is withdrawn.

- Applied to aggregate value of the sum + assets held for the purposes of the pension scheme. 

- Person liable = persons who were scheme administrators immediately before deregistration (s.242(2)).

- Residence is irrelevant (s.242(3)).

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Legislation: FA 2004, S.242;

Cases: 

HMRC manuals: 

Commentary: 

See also:

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