Section 227F Pension input periods in which rights are first flexibly accessedF1

Subject to subsection (7), subsections (2) to (6) apply if, for an arrangement mentioned in section 227C(1), the pension input period ending in the tax year contains the day on which the individual first flexibly accesses pension rights (whether or not that day is in the tax year).

If the arrangement is a cash balance arrangement, the pension input amount in respect of that arrangement is for the purposes of section 227C(1)(a) treated as being—

where—

If the arrangement is a money purchase arrangement other than a cash balance arrangement, the pension input amount in respect of that arrangement is for the purposes of section 227C(1)(a) treated as being the amount in respect of the arrangement that would be arrived at under section 233 for a pension input period—

If the arrangement is a money purchase arrangement, the amount (if any) by which—

is required to be included in the defined-benefit input sub-total calculated under section 227B(3).

If the arrangement is a hybrid arrangement—

If the arrangement is a hybrid arrangement, the amount (if any) by which—

is required to be included in the defined-benefit input sub-total calculated under section 227B(3).

Subsections (2) to (6) do not apply if section 165(3A) applied in the individual's case to the arrangement, or any other arrangement, at any time before 6 April 2015.