Paragraph 97 Amendments of the Registered Pension Schemes and Relieved Non-UK Pension Schemes (Lifetime Allowance Transitional Protection) (Notification) Regulations 2013

United Kingdom

(1)

The Registered Pension Schemes and Relieved Non-UK Pension Schemes (Lifetime Allowance Transitional Protection) (Notification) Regulations 2013 (S.I. 2013/1741) are amended as follows.

(2)

In the title, for “Lifetime Allowance” substitute “Enhanced Allowances”.

(3)

In regulation 1 (citation and commencement), for “Lifetime Allowance” substitute “Enhanced Allowances”.

(4)

In regulation 4 (the paragraph 1 notice), in paragraph (1)—

(a)

in sub-paragraph (c), for “make provision for a lifetime allowance enhancement factor” substitute “apply”;

(b)

in sub-paragraph (e), for “(transitional provision relating to new standard lifetime allowance for the tax year 2012-13)” substitute “(fixed protection)”.

(5)

In regulation 13 (preservation of documents), in paragraph (1), for “benefit crystallisation event” substitute “relevant benefit crystallisation event within the meaning of section 637S of ITEPA 2003”.