Related Commentary  

3(1)  This regulation applies if the amount of the relevant pre-commencement pension rights of an individual (determined in accordance with paragraph 7(5) of Schedule 36) exceeds £1,500,000.

3(2)  The individual may give notice of intention to rely on paragraph 7 of Schedule 36 (“paragraph 7”).

3(3)  If the individual intends to rely on paragraph 7, the individual must give a notification to the Revenue and Customs on or before the closing date.

3(4)  For the purposes of this regulation the closing date is 5th April 2009.

3(5)  Paragraph (6) applies if–

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