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Annual allowance charge Annual allowance charge

United Kingdom

  1. 227Annual allowance charge
  2. 227ZAThe chargeable amount
  3. 227AIndividuals who meet flexible drawdown conditions
  4. 227BThe alternative chargeable amount
  5. 227CMeaning of “money-purchase input sub-total”
  6. 227DPension input amounts in respect of certain hybrid arrangements
  7. 227EPension input periods ending before rights are first flexibly accessed
  8. 227FPension input periods in which rights are first flexibly accessed
  9. 227GWhen pension rights are first flexibly accessed
  10. 228Annual allowance
  11. 228ZATapered reduction of annual allowance: high-income individual
  12. 228ZBAnti-avoidance in connection with section 228ZA
  13. 228ACarry forward of unused annual allowance
  14. 228BCarry forward: certain periods treated as pension input periods
  15. 228CAnnual allowance for, and carry-forward from, 2015-16
  16. 229Total pension input amount
  17. 230Cash balance arrangements
  18. 231Cash balance arrangements: uprating of opening value
  19. 232Cash balance arrangements: adjustments of closing value
  20. 233Other money purchase arrangements
  21. 234Defined benefits arrangements
  22. 235Defined benefits arrangements: uprating of opening value
  23. 236Defined benefits arrangements: adjustments of closing value
  24. 236ZADefined benefits arrangements: public service pension schemes
  25. 236APost-entitlement enhancements
  26. 237Hybrid arrangements
  27. 237ZAPension input amounts for input periods ending in 2015-16
  28. 237ALiability of individual
  29. 237BLiability of scheme administrator
  30. 237BATime limit for notices under section 237B
  31. 237CExceptions
  32. 237DDischarge of scheme administrator's liability
  33. 237EConsequential benefit adjustments to be reasonable etc
  34. 237FPower to modify rules
  35. 238Pension input period : arrangement commencing before 9 July 2015
  36. 238ZAPension input periods from 9 July 2015 for existing arrangement
  37. 238ZBPension input periods for arrangement commencing after 8 July 2015
  38. 238APower to make orders about charge

Notes on Part 4

Modifications

C1

Pt. 4 modified (N.I.) (1.4.2006) by The Firemens Pension Scheme Order (Northern Ireland) 2006 (S.R. 2006/210), arts. 1(2), 103

C2

Pt. 4 modified (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 9, 10

C3

Pt. 4 modified (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 12

C4

Pt. 4 modified (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 13(5)

C5

Pt. 4 modified (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 26

C6

Pt. 4 modified (31.12.2007) by Police and Justice Act 2006 (c. 48), s. 53(1), Sch. 3 para. 7; S.I. 2007/3203, art. 3(b)

C7

Pt. 4 modified (1.7.2008) (N.I.) (with effect in accordance with reg. 1 of the amending Rule) by The Health and Social Care (Pension Scheme) Regulations (Northern Ireland) 2008 (S.R. 2008/256), regs. 1, 124(1) (with regs. 134, 258)

C8

Pt. 4 modified by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), reg. 5A (as inserted (6.4.2006) by S.I. 2008/2990, arts. 1(1), 3)

C9

Pt. 4 applied (21.7.2009) by Finance Act 2009 (c. 10), Sch. 35 para. 18

C10

Pt. 4 modified (19.7.2011) by Finance Act 2011 (c. 11), Sch. 18 para. 14(3)

C11

Pt. 4 applied (with modifications) (with application in accordance with Sch. 22 para. 1 of the amending Act) by Finance Act 2013 (c. 29), Sch. 22 para. 1(2)

C12

Pt. 4 modified (17.7.2014) by Finance Act 2014 (c. 26), Sch. 6 para. 1(2)(3)

C13

Pt. 4: power to amend conferred (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), s. 4(3)

C14

Pt. 4 modified (15.9.2016) by Finance Act 2016 (c. 24), Sch. 4 para. 1

C15

Pt. 4 modified (15.9.2016) by Finance Act 2016 (c. 24), Sch. 4 para. 9(2)

C16

Pt. 4 modified (with effect in relation to the tax year 2024-25 and subsequent tax years) by The MPs’, Senedd and Assembly Pension Schemes (Tax) Regulations 2025 (S.I. 2025/52), regs. 1(2)(3), 6

C17

Pt. 4 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

Notes on Chapter 5

Modifications

C1

Pt. 4 applied (21.7.2009) by Finance Act 2009 (c. 10), Sch. 35 para. 18

C2

Pt. 4 modified (19.7.2011) by Finance Act 2011 (c. 11), Sch. 18 para. 14(3)

C3

Pt. 4 modified (with effect in relation to the tax year 2024-25 and subsequent tax years) by The MPs’, Senedd and Assembly Pension Schemes (Tax) Regulations 2025 (S.I. 2025/52), regs. 1(2)(3), 6