# Finance Act 2024, Paragraph 131: Lump sum death benefits paid on or after 6 April 2024 that crystallised before that date

Extent: E+W+S+N.I.

(1) The amendments made by or under this Schedule, and the amendments made by section 14, are to be disregarded for the purposes of determining the tax treatment under Part 9 of ITEPA 2003 of a transitional lump sum death benefit.
(2) In section 637S (availability of individual’s lump sum and death benefit allowance), “relevant lump sum death benefit” does not include a transitional lump sum death benefit.
(3) In this paragraph “transitional lump sum death benefit” means a lump sum death benefit paid on or after 6 April 2024 so far as relating to rights that, before that date, crystallised under section 216 of FA 2004.

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Source: https://www.legislation.gov.uk/ukpga/2024/3/schedule/9/paragraph/131 (the official version)
Page: https://openlegislation.uk/finance-act-2024/schedule-9/paragraph-131
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.