Schedules

Schedule 9Pensions

Part 4Transitional protections

63Amendments of Schedule 29 to FA 2004

1

In Schedule 29 to FA 2004 (registered pension schemes: authorised lump sums: supplementary), paragraph 4A (uncrystallised funds pension lump sum) is amended as follows.

2

In sub-paragraph (1)—

a

at the end of paragraph (e) insert “and”;

b

omit the “and” at the end of paragraph (f);

c

omit paragraph (g).

3

Omit sub-paragraphs (3) to (6).

4

At the end insert—

8

For further provision about circumstances in which a lump sum is not an uncrystallised funds pension lump sum, see the following provisions of Part 2 of Schedule 36 (transitional provision and saving: pre-commencement rights: enhancement of allowances)—

a

paragraph 7(8) (enhancement of allowances: primary protection);

b

paragraph 12(3H) (enhancement of allowances: enhanced protection);

c

paragraph 18(7) (enhancement of allowances: pre-commencement pension credits);

d

paragraph 20A(8) (pension credits from previously crystallised rights);

e

paragraph 20B(8) (individuals who are not always relevant UK individuals);

f

paragraph 20E(9) (transfers from recognised overseas pension schemes).