# Finance Act 2016, Paragraph 2


(1) Section 636A of ITEPA 2003 (exemption for certain lump sums under registered pension schemes) is amended as follows.
(2) In the heading, for “Exemption” substitute “ Exemptions and liabilities ”.
(3) For subsection (3A) (serious ill-health lump sum paid to member who has reached 75 is taxed only under section 205A of FA 2004) substitute—
“(3A) Section 579A applies in relation to a serious ill-health lump sum which is paid under a registered pension scheme to a member who has reached the age of 75 as it applies to any pension under a registered pension scheme.”

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Source: https://www.legislation.gov.uk/ukpga/2016/24/schedule/5/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2016/schedule-5/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.