# Finance Act 2011, Paragraph 47


(1) Section 12 (dispositions allowable for income tax or conferring benefits under pension scheme) is amended as follows.
(2) After subsection (2) insert—
“(2ZA) Where a person who is a member of a registered pension scheme, a qualifying non-UK pension scheme or a section 615(3) scheme omits to exercise pension rights under the pension scheme, section 3(3) above does not apply in relation to the omission.”
(3) Omit subsections (2A) to (2E).

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Source: https://www.legislation.gov.uk/ukpga/2011/11/schedule/16/paragraph/47 (the official version)
Page: https://openlegislation.uk/finance-act-2011/schedule-16/paragraph-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.