Regulation 2.J.8 Deduction of tax

is a benefit crystallisation event F2occurring on or before 6th April 2024, under section 216 of the 2004 Act, and

a lifetime allowance charge under section 214 of that Act arises when that event occurs,

whether any tax is payable in respect of the lump sum in accordance with section 204 of the 2004 Act, and if so,

the amount of tax payable, and

the person liable for that tax.

a member has given the scheme administrator a statement in accordance with regulation 2.E.22 (tax treatment under the 2004 Act of lump sums payable on pensioners’ death) that a lump sum payable under that regulation is to be treated as a pension protection lump sum death benefit in accordance with paragraph 14 of Schedule 29 to the 2004 Act, and

has not withdrawn that statement.

a lump sum death benefit is payable on the death of a pensioner member in accordance with paragraph (2) of regulation 2.E.17 (amount of lump sum: single capacity members and recent leavers (disregarding regulation 2.D.5 employments)); and

that lump sum is payable in respect of a member who had reached the age of 75 at the date of the member’s death.

an active, non-contributing or pension credit member opts to exchange a relevant pension for a lump sum in accordance with paragraph (3)(a) of regulation 2.D.15 (option for members in serious ill-health to exchange whole pension for lump sum); and

that lump sum payment is made to a member who has reached the age of 75.

is liable for an annual allowance charge in accordance with section 237A of the 2004 Act, and

meets the conditions specified in paragraph (1) of section 237B of that Act,

that annual allowance charge will be paid by the Scheme administrator on behalf of the member, and

that person’s present or future benefits in respect of which that charge arises shall be adjusted in accordance with section 237E of the 2004 Act and shall be calculated by reference to advice provided by the Scheme actuary for that purpose.