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Legislation
Finance Act 2004

Crossheading Non-UK schemes: the overseas transfer charge

  • Section 244A Overseas transfer charge
  • Section 244AA Overseas transfer charge: introduction
  • Section 244AB Overseas transfer charge: interpretation
  • Section 244AC Overseas transfer charge: transfers where no exclusion applies
  • Section 244B Exclusion: member and receiving scheme in same country
  • Section 244C Exclusion: receiving scheme in EEA state or Gibraltar, and member resident in UK or EEA state
  • Section 244D Exclusion: receiving scheme is an occupational pension scheme
  • Section 244E Exclusion: receiving scheme set up by international organisation
  • Section 244F Exclusion: receiving scheme is an overseas public service scheme
  • Section 244G Exclusions: avoidance of double charge, and transitional protections
  • Section 244H Power to provide for further exclusions
  • Section 244I Circumstances in which exclusions do not apply
  • Section 244IA Overseas transfer charge: transfers exceeding available allowance
  • Section 244IB Member’s overseas transfer allowance
  • Section 244IC Availability of member’s overseas transfer allowance
  • Section 244ID Information to be provided by relieved relevant non-UK scheme on block transfer
  • Section 244J Persons liable to charge
  • Section 244JA Amount of charge
  • Section 244K Meaning of “transferred value”
  • Section 244L Accounting for overseas transfer charge by scheme managers
  • Section 244M Repayments of charge on subsequent excluding events
  • Section 244N Discharge of liability of scheme administrator or manager
  1. Non-UK schemes: the overseas transfer charge
  2. Power to provide for further exclusions

Section 244H | Power to provide for further exclusions

From legislation.gov.uk

The Commissioners for Her Majesty's Revenue and Customs may by regulations make provision for a recognised transfer to a QROPS, a relieved relevant non-UK scheme transfer or an onward transfer to be excluded from the overseas transfer charge under section 244AC if the transfer is of a description specified in the regulations.

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