The Registered Pension Schemes (Unauthorised Payments by Existing Schemes) Regulations 2006
These Regulations provide that a payment, made by an existing pension scheme falling within paragraph 1(1) of Schedule 36 to the Finance Act, on or after 6th April 2006, is a payment of a description prescribed for the purposes of section 241(2) of that Act. But it is only a payment of such a description to the extent that it is referable to subsisting rights which have accrued under defined benefits arrangements before that day, or to contributions which have been paid to a scheme under money purchase arrangements on or before that day.