Article 25A Conditions to be met by stand-alone lump sumsF1
This article sets out the conditions referred to in article 25(3)(a).
Condition A is that, on or after 6th April 2006, the lump sum is paid to an individual under a registered pension scheme of which the individual is a member.
Condition B is that the lump sum is paid in circumstances where all of the member’s uncrystallised rights under the scheme come into payment on a single F2relevant benefit crystallisation event.
Condition C is that the lump sum is paid when the member has reached normal minimum pension age (or the ill-health condition is satisfied).
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Annotations
Textual amendments
- F1
Arts. 25-25D substituted for art. 25 (25.7.2006) by The Taxation of Pension Schemes (Transitional Provisions) (Amendment No. 2) Order 2006 (S.I. 2006/2004), arts. 1(1), 3
- F2
Words in art. 25A(3) substituted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 95(2), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4)
- F3
Art. 25A(5) omitted (11.8.2011 with effect in relation to lump sums paid on or after 6.4.2011) by virtue of The Taxation of Pension Schemes (Transitional Provisions) (Amendment) (No.2) Order 2011 (S.I. 2011/1782), arts. 1(1)(3), 2(5)