Regulation 12 Relevant lump sum payments

after paragraph (1) insert—

“(1A)

This regulation does not apply where the relevant pension payment is a relevant lump sum payment.”, and

after paragraph (6) insert—

“(7)

In this regulation, and in regulation 58A (procedure if no Form P45 and code not known where payment is a relevant lump sum payment)^f2, a “relevant lump sum payment” is—

(a)

a payment of taxable pension income under section 636B or 636C of ITEPA, or treated as such a payment, and

(b)

which is made at a time when the pension payer is not making any other payments of PAYE pension income to the pensioner under the same registered pension scheme.”.