# The Taxation of Pension Schemes (Transitional Provisions) Order 2006, Article 37: Modification of section 637G ITEPA 2003

Extent: E+W+S+N.I.

(1) Section 637G of ITEPA 2003 (trivial commutation and winding-up lump sums) is modified as follows in relation to an equivalent pension benefits commutation lump sum pursuant to regulation 2(1A) of—
(a) the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc) Regulations 1997; or
(b) the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc) Regulations (Northern Ireland) 1997.
(2) In the heading, at the end insert “etc”.
(3) In subsection (1)—
(a) at the end of paragraph (a) omit “or”;
(b) at the end of paragraph (b) add “or”; and
(c) after that paragraph insert the following paragraph—
“(c) an equivalent pension benefits commutation lump sum,”
(4) In subsection (4), after “In this section” insert “—
““equivalent pension benefits commutation lump sum” means a lump sum payment arising from the commutation of equivalent pension benefits pursuant to—
(a)regulation 2(1A) of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations 1997, or
(b)regulation 2(1A) of the Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations (Northern Ireland) 1997;”.

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Source: https://www.legislation.gov.uk/uksi/2006/572/article/37 (the official version)
Page: https://openlegislation.uk/taxation-of-pension-schemes-transitional-provisions-order-2006/article-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.