# The Financial Assistance Scheme (Tax) Regulations 2010, Regulation 19: Transitional provisions: lump sums

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

(1) Paragraph 2 of Schedule 29 to FA 2004 (registered pension schemes: authorised lump sums - supplementary) as modified by paragraph 28(3) of Schedule 36 to that Act has effect, in relation to a qualifying member or deceased qualifying member, as if references to a pension commencement lump sum included a lump sum under regulation 17D.
(2) Part 6 of Schedule 9 to FA 2024 (transitional provision relating to abolition of lifetime charge) is modified as follows.
(3) Paragraph 126 (availability of individual’s lump sum and death benefit allowance) has effect in relation to a qualifying member or deceased qualifying member as if before sub-paragraph (4)(a)(i) there were inserted—
“(zi) before 6 April 2024 a payment is made in respect of the individual under regulation 18A in the form of a lump sum,”.
(4) Paragraph 128 (provision of information to members) has effect in relation to a qualifying member or deceased qualifying member as if after sub-paragraph (6)(a)(zi) there were inserted—
“(zii) before 6 April 2024 a payment is made in respect of the member under regulation 18A in the form of a lump sum,”.
(5) Paragraph 129(1) (meaning of “lump sum transitional tax-free amount”) has effect in relation to a qualifying member or deceased qualifying member as if before paragraph (a) there were inserted—
“(za) each lump sum under regulation 17D (if any) to which the member has, before 6 April 2024, become entitled,”.

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Source: https://www.legislation.gov.uk/uksi/2010/1187/regulation/19 (the official version)
Page: https://openlegislation.uk/financial-assistance-scheme-tax-regulations-2010/regulation-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.