{
  "url": "https://openlegislation.uk/pensions-abolition-of-lifetime-allowance-charge-etc-regulations-2024/regulation-2",
  "json_url": "https://openlegislation.uk/pensions-abolition-of-lifetime-allowance-charge-etc-regulations-2024/regulation-2.json",
  "legislation": "uksi/2024/356",
  "legislation_title": "The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2024",
  "legislation_url": "https://openlegislation.uk/pensions-abolition-of-lifetime-allowance-charge-etc-regulations-2024",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Chapter 15A of Part 9 of ITEPA 2003",
  "text": "In Chapter 15A of Part 9 of ITEPA 2003 (pension income: lump sums under registered pension schemes), in section 637G (trivial commutation lump sums and winding-up lump sums), in subsection (2), after “the amount of the taxable pension income” insert “—\n“(a) if all the member’s rights under the pension scheme are uncrystallised rights, is 75% of the lump sum, and\n(b) otherwise,”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "2003 c. 1. Chapter 15A was added by paragraph 11 of Schedule 31 to FA 2004 and substituted by paragraph 41 of Schedule 9 to FA 2024. Section 38 of FA 2024 defines “ITEPA 2003” as the Income Tax (Earnings and Pensions) Act 2003."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/356/regulation/2",
    "retrieved_at": "2026-10-28T21:32:48.591243+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}