{
  "url": "https://openlegislation.uk/finance-act-2004/schedule-29/paragraph-14",
  "json_url": "https://openlegislation.uk/finance-act-2004/schedule-29/paragraph-14.json",
  "legislation": "ukpga/2004/12",
  "legislation_title": "Finance Act 2004",
  "legislation_url": "https://openlegislation.uk/finance-act-2004",
  "path": "schedule/29/paragraph/14",
  "kind": "paragraph",
  "number": "14",
  "heading": null,
  "text": "(1) For the purposes of this Part a lump sum death benefit is a pension protection lump sum death benefit if—\n(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(b) it is paid in respect of a defined benefits arrangement,\n(c) it is paid in respect of a scheme pension to which the member was entitled at the date of the member’s death, and\n(d) the member has specified that it is to be treated as a pension protection lump sum death benefit (instead of a defined benefits lump sum death benefit).\n(2) But if the amount of a lump sum falling within sub-paragraph (1) exceeds the pension protection limit, the excess is not a pension protection lump sum death benefit.\n(3) The pension protection limit is—\nAC-AP-TPLSwhere—\nB and C have the same meaning as they have for the purposes of paragraph 2C(2);\nAP is the amount of the pension paid in respect of the period between the member becoming entitled to the pension and the member’s death, and\nTPLS is the total amount of pension protection lump sum death benefit previously paid in respect of the pension under this paragraph.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 29 para. 14(1)(a) omitted (with effect in accordance with Sch. 16 paras. 85, 103 of the amending Act) by virtue of Finance Act 2011 (c. 11), Sch. 16 para. 34(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 29 para. 14(3): in the formula the words “(B x C)” are substituted for “AC” (18.11.2024 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 6(4)(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 29 para. 14(3) substituted (18.11.2024 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 6(4)(b)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 29 para. 14(3) modified (6.4.2006) by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), arts. 1(1), 33(1)(2)(4); (as amended (18.11.2024 for the tax year 2024-25 and subsequent tax years) by S.I. 2024/1012, regs. 1(2)(3), 25(21)(b))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2004/12/schedule/29/paragraph/14",
    "retrieved_at": "2026-10-29T09:17:16.113356+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."
}