[227F Pension input periods in which rights are first flexibly accessed]
Finance Act 2004 (2004 c 12) | Legislation

[227F  Pension input periods in which rights are first flexibly accessed]

[(1)     Subject to subsection (7), subsections (2) to (6) apply if, for an arrangement mentioned in section 227C(1), the pension input period ending in the tax year contains the day on which the individual first flexibly accesses pension rights (whether or not that day is in the tax year).

(2)     If the arrangement is a cash balance arrangement, the pension input amount in respect of that arrangement is for the purposes of section 227C(1)(a) treated as being—

F / PIP X APIA

·É³ó±ð°ù±ð—

APIA is the (actual) pension input amount in respect of the arrangement (see section 229(2)(a)),

F is the number of days in the period—

(a)     beginning with the day after that on which the individual first flexibly accesses pension

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