{
  "url": "https://openlegislation.uk/taxation-of-pensions-act-2014/section-2",
  "json_url": "https://openlegislation.uk/taxation-of-pensions-act-2014/section-2.json",
  "legislation": "ukpga/2014/30",
  "legislation_title": "Taxation of Pensions Act 2014",
  "legislation_url": "https://openlegislation.uk/taxation-of-pensions-act-2014",
  "path": "section/2",
  "kind": "section",
  "number": "2",
  "heading": "Restriction and reduction of tax charges on certain lump sums",
  "text": "(1) Chapter 5 of Part 4 of FA 2004 (registered pension schemes: tax charges) is amended as follows.\n(2) In section 206(1) (special lump sum death benefits charge arises where certain lump sums are paid by a registered pension scheme) after “registered pension scheme” insert “ in respect of a member who had reached the age of 75 at the date of the member's death ”.\n(3) In section 206(4) (special lump sum death benefits charge: rate of charge) for “55%” substitute “ 45% ”.\n(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(5) The amendments made by this section apply to lump sums paid on or after 6 April 2015.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 2(4) omitted (with effect in accordance with Sch. 5 para. 4 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 5 para. 3(3)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2014/30/section/2",
    "retrieved_at": "2026-10-29T09:07:17.392538+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."
}