We have seen that the legislation is tightly drawn to define where payments (as widely defined) will be authorised, for example to pay benefits within certain parameters, to pay for scheme administration, or to invest in scheme assets.

FA 2004 specifies certain specific unauthorised payments.

7.12.1 Assignment

The fundamental rule is that benefits to which the member has an actual or prospective right cannot be assigned without incurring unauthorised payment charges. There are exceptions:

on the death of a member who is receiving a pension that is subject to a guarantee, the pension is assigned to a beneficiary;

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