Related Commentary  Related HMRC Manuals

172A(1)  Subsection (2) applies if a member of a registered pension scheme surrenders or agrees to surrender–

(a)any benefit, other than an excluded pension, to which the member (or any dependant, nominee or successor of the member) has a prospective entitlement under an arrangement under the pension scheme,

(aa)any rights to payments under a lifetime annuity or dependants' annuity, or nomineesʼ annuity or successorsʼ annuity, purchased by the application of sums or assets held for the purposes of the pension scheme, or

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