The Registered Pension Schemes (Authorised Payments) Regulations 2009
These Regulations provide that a variety of payments will be authorised payments when made by pension schemes to or in respect of their members. The payments will accordingly not attract the tax charges that apply when a registered pension scheme makes an unauthorised payment. The payments concerned fall into two broad categories: commutation payments that are not otherwise permitted by the rules in the Finance Act 2004 (“FA 2004”) and pensions or lump sums paid or overpaid in error.