Paragraph 63 Amendments of Schedule 29 to FA 2004

United Kingdom

(1)

In Schedule 29 to FA 2004 (registered pension schemes: authorised lump sums: supplementary), paragraph 4A (uncrystallised funds pension lump sum) is amended as follows.

(2)

In sub-paragraph (1)—

(a)

at the end of paragraph (e) insert “and”;

(b)

omit the “and” at the end of paragraph (f);

(c)

omit paragraph (g).

(3)

Omit sub-paragraphs (3) to (6).

(4)

At the end insert—

“(8)

For further provision about circumstances in which a lump sum is not an uncrystallised funds pension lump sum, see the following provisions of Part 2 of Schedule 36 (transitional provision and saving: pre-commencement rights: enhancement of allowances)—

(a)

paragraph 7 (8) (enhancement of allowances: primary protection);

(b)

paragraph 12(3H) (enhancement of allowances: enhanced protection);

(c)

paragraph 18 (7) (enhancement of allowances: pre-commencement pension credits);

(d)

paragraph 20A (8) (pension credits from previously crystallised rights);

(e)

paragraph 20B (8) (individuals who are not always relevant UK individuals);

(f)

paragraph 20E (9) (transfers from recognised overseas pension schemes).”