787F Transfers to PRSAs.

To the extent that any contribution to one or more than one PRSA is made from—

(a) the value of accrued rights under a retirement annuity contract,

(b) the value of accrued rights under an approved scheme or a statutory scheme, or

(c) a repayment of contributions to which section 780(2) would, but for subsection (2A) (inserted by the Pensions (Amendment) Act, 2002) of that section, otherwise apply,

it shall not be taken into account for the purposes of section 787E and no relief shall be allowed under this Chapter in respect of such a contribution.