Paragraph 28
(1)
Paragraph 4 (serious ill-health lump sum) is amended as follows.
(2)
In sub-paragraph (1)—
F1(a)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)
omit paragraph (e) (and the “and” before it).
(3)
After sub-paragraph (2) insert—
“(3)For the purposes of sub-paragraph (2)—
(a)the fact that benefit crystallisation event 5 or benefit crystallisation event 5B has occurred in relation to the member is to be disregarded, and
(b)anything which, but for paragraph 2 of Schedule 32, would have been a benefit crystallisation event is to be treated as if it were such an event.”
Annotations
Textual amendments
- F1
Sch. 16 para. 28(2)(a) omitted (with effect in accordance with Sch. 5 para. 4 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 5 para. 3(3)(a)