Section 244E | Exclusion: receiving scheme set up by international organisation

(1)A transfer to a QROPS is excluded from the overseas transfer charge under section 244AC if—

(a)the QROPS is established by an international organisation and has effect so as to provide benefits for, or in respect of, past service as an employee of the organisation, and

(b)when the transfer is made, the member is an employee of the organisation.

(2)In this section “international organisation” means an organisation to which section 1 of the International Organisations Act 1968 applies by virtue of an Order in Council under subsection (1) of that section.