Regulation 21 The Registered Pension Schemes (Accounting and Assessment) Regulations 2005

(1)

The Registered Pension Schemes (Accounting and Assessment) Regulations 2005^f1 are amended as follows.

(2)

In regulation 4 (the making of assessments), in paragraph (1), in Table 2, at the end insert—

“

()

Case 9: a charge to tax arises under Part 9 of ITEPA (pension income)^f2 on pension income to which section 579A of that Act (pension income under registered pension schemes) applies by virtue of any of the following provisions—

(a)

section 637H(2) (certain defined benefits lump sum death benefits);

(b)

section 637I(2) (certain pension protection lump sum death benefits);

(c)

section 637J(2) (certain uncrystallised funds lump sum death benefits);

(d)

section 637K(2) (certain annuity protection lump sum death benefits);

(e)

section 637L(2) (certain drawdown pension fund lump sum death benefits);

(f)

section 637M(2) (certain flexi-access drawdown lump sum death benefits).

The person liable to the charge.

”.

(3)

In regulation 5 (interest on tax due under section 254 or assessed under regulation 4), in paragraph (3), in Table 3, at the end insert—

“

Tax assessed under case 9. The due date under regulation 4(2).

”.

(4)

In regulation 8 (modifications and application of TMA)—

(a)

in paragraph (1), for “or 7A” substitute “, 7A or 9”;

(b)

in paragraph (3), in the inserted text, before paragraph (d) insert—

“(ca)

is chargeable on a person under Part 9 of ITEPA (pension income) on pension income to which section 579A of that Act (pension income under registered pension schemes) applies by virtue of any of the following provisions—

(i)

section 637H(2) (certain defined benefits lump sum death benefits);

(ii)

section 637I(2) (certain pension protection lump sum death benefits);

(iii)

section 637J(2) (certain uncrystallised funds lump sum death benefits);

(iv)

section 637K(2) (certain annuity protection lump sum death benefits);

(v)

section 637L(2) (certain drawdown pension fund lump sum death benefits).”.

Annotations

Footnotes

f1: S.I. 2005/3454. Table 2 in regulation 4, Table 3 in regulation 5, and regulation 8 were amended by S.I. 2014/1928 and 2024/356.
f2: “ITEPA” is defined for the purposes of the Registered Pension Schemes (Accounting and Assessment) Regulations 2005 in regulation 2 of those Regulations.