The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024
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Change 1
5 Sections 239 and 255 of FA 2004
(1) Part 4 of FA 2004 (pension schemes etc) is amended as follows. (2) In section 239 (scheme sanction charge)— (a) in subsection (3), omit paragraph (b) and the “and” before it; (b) omit subsection (3A). (3) In section 255 (assessments under Part 4 of FA 2004), in subsection (1)— (a) omit the “and” at the end of paragraph (f); (b) at the end of paragraph (g) insert , and (h) the charge to tax under Part 9 of ITEPA 2003 (pension income) on pension income to which section 579A of that Act (pension income under registered pension schemes) applies by virtue of any of the following provisions— (i) section 637H(2) (certain defined benefits lump sum death benefits); (ii) section 637H(2) (certain defined benefits lump sum death benefits); (iii) section 637I(2) (certain pension protection lump sum death benefits); (iv) section 637J(2) (certain uncrystallised funds lump sum death benefits); (v) section 637K(2) (certain annuity protection lump sum death benefits); (vi) section 637L(2) (certain drawdown pension fund lump sum death benefits). .
5 Sections 239 and 255 of FA 2004
(1) Part 4 of FA 2004 (pension schemes etc) is amended as follows. (2) In section 239 (scheme sanction charge)— (a) in subsection (3), omit paragraph (b) and the “and” before it; (b) omit subsection (3A). (3) In section 255 (assessments under Part 4 of FA 2004), in subsection (1)— (a) omit the “and” at the end of paragraph (f); (b) at the end of paragraph (g) insert , and (h) the charge to tax under Part 9 of ITEPA 2003 (pension income) on pension income to which section 579A of that Act (pension income under registered pension schemes) applies by virtue of any of the following provisions— (i) section 637H(2) (certain defined benefits lump sum death benefits); (ii) section 637H(2) (certain defined benefits lump sum death benefits); (iii) section 637I(2) (certain pension protection lump sum death benefits); (iv) section 637J(2) (certain uncrystallised funds lump sum death benefits); (v) section 637K(2) (certain annuity protection lump sum death benefits); (vi) section 637L(2) (certain drawdown pension fund lump sum death benefits). .
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