# The Pensions (Abolition of Lifetime Allowance Charge etc) Regulations 2024, Regulation 2: Chapter 15A of Part 9 of ITEPA 2003


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 “—
“(a) if all the member’s rights under the pension scheme are uncrystallised rights, is 75% of the lump sum, and
(b) otherwise,”.

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Source: https://www.legislation.gov.uk/uksi/2024/356/regulation/2 (the official version)
Page: https://openlegislation.uk/pensions-abolition-of-lifetime-allowance-charge-etc-regulations-2024/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.