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Draft regulations
HMRC have published draft regulations making consequential changes to the tax rules for registered pension schemes, in relation to contracting out of the state second pension through a money purchase pension scheme, which was abolished from 6 April 2012.
The regulations relate to certain short service refunds, to ensure the contracting-out changes do not adversely affect pension schemes that contain rules reflecting the effect of the contracting out regime, but which have not yet amended their rules.
Comments should be sent by email by 27 June.
