[237B Liability of scheme administrator]
Finance Act 2004 (2004 c 12) | Legislation

[237B  Liability of scheme administrator]

[(1)     This section applies if—

(a)     the amount of the individual's liability to the annual allowance charge for a tax year exceeds £2,000, and

(b)     the pension scheme input amount in the case of the individual in relation to a registered pension scheme for the tax year exceeds the amount of the annual allowance specified in section 228(1) for the tax year.

(2)     The pension scheme input amount in the case of the individual in relation to a pension scheme for a tax year is the aggregate of the pension input amounts for the tax year in respect of arrangements relating to the individual under the pension scheme.

[(2A)     If the chargeable amount for the tax year in the individual's case is the alternative chargeable amount, each of the following is treated as being a reference to the amount that the annual allowance charge for the tax year would be in the individual's case if the chargeable amount were the default chargeable amount—

(a)     the reference in subsection (1)(a) to the amount of the individual's liability to the annual allowance charge for the tax year, and

(b)     the reference in subsection (3) to the annual allowance

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