What happens if my pension fund has received a transfer of earlier rights from an overseas scheme?
If you have arranged for your registered pension scheme to receive a transfer from an overseas scheme that has not been subject to UK tax relief your lifetime allowance will be increased by the equivalent percentage that the transfer value represents (see RPSM11101090). This facility will only apply to transfers from overseas pension schemes that are specially recognised. You will not need to make a claim to have your lifetime allowance enhanced for this purpose. A form is available on the HMRC website.
