Paragraph J.11 Payment on behalf of members of lifetime allowance chargeF1
A member may request the person who is the scheme administrator for the purposes of section 217 of the Finance Act 2004 (“the administrator”) to pay on his behalf any amount that is payable by way of the lifetime allowance charge under section 214 of that Act when—
an event that is a benefit crystallisation event listed in the table in section 216(1) of that Act occurs in relation to him, and
the member and the administrator are jointly and severally liable to the charge in respect of the event.
Such a request may only be made by notice in writing given before the event occurs.
The administrator may only comply with such a request if the member pays him the amount in question on or before the date on which the event occurs.
Annotations
Textual amendments
- F1
Sch. 1 J.11-J.13 and heading inserted (6.4.2006) by The Armed Forces Pension Scheme etc. (Amendment) Order 2006 (S.I. 2006/717), arts. 1(2), 10(1)
Notes on Schedule 1
Modifications
- C1
Schs. 1-3 modified (14.7.2026 for the tax year 2014-15 and subsequent tax years) by The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations 2026 (S.I. 2026/673), regs. 1(2), 10