{
  "url": "https://openlegislation.uk/european-parliamentary-united-kingdom-representatives-pensions-amendment-order-2006/article-20",
  "json_url": "https://openlegislation.uk/european-parliamentary-united-kingdom-representatives-pensions-amendment-order-2006/article-20.json",
  "legislation": "uksi/2006/919",
  "legislation_title": "The European Parliamentary (United Kingdom Representatives) Pensions (Amendment) Order 2006",
  "legislation_url": "https://openlegislation.uk/european-parliamentary-united-kingdom-representatives-pensions-amendment-order-2006",
  "path": "article/20",
  "kind": "article",
  "number": "20",
  "heading": "The lifetime allowance charge",
  "text": "For article 14 of the AVC Order (taxation) substitute—\n“Reduction of benefits where lifetime allowance charge payable\n14 (1) This article applies if—\n(a) an event that is a benefit crystallisation event listed in the table in section 216(1) of the Finance Act 2004 (“the table”) occurs in relation to a contributor or former contributor, and\n(b) the contributor or former contributor and the Managers are jointly and severally liable to the charge in respect of the event.\n(2) Where this article applies—\n(a) the Managers must pay the tax payable on the event,\n(b) if the event is benefit crystallisation event 8 in the table (transfer to qualifying recognised overseas pension scheme), the amount or value of the sums or assets transferred must be reduced, and\n(c) in the case of any other event, the total realisable value of the investments made with the contributions made by the contributor and any transfer values accepted under article 5(5) must be reduced.\n(3) The amount or value of the reduction must be determined by the Managers, having regard to the opinion of the Government Actuary, such that it fully reflects the amount of the tax so paid.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/919/article/20",
    "retrieved_at": "2026-10-29T04:33:08.155395+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}