Section 51 Bridging pensions
United Kingdom
(1)
FA 2004 is amended as follows.
(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)
In paragraph 1 of Schedule 29 (pension commencement lump sums), in sub-paragraph (4)(a), omit the words from “at a time” to “65”.
(4)
In consequence of subsection (3), paragraph 21 of Schedule 23 to the FA 2006 is repealed.
(5)
The amendments made by this section have effect for the tax year 2013-14 and subsequent tax years.
Annotations
Textual amendments
- F1
S. 51(2) omitted (6.4.2016) (with effect in accordance with s. 20(6) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 20(5)(b)(6); S.I. 2016/1005, reg. 2 (with regs. 1(2) 3 4)