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Article 25A Conditions to be met by stand-alone lump sumsF1

(1)

This article sets out the conditions referred to in article 25(3)(a).

(2)

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.

(3)

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.

(4)

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).

F3(5)

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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)