Part 4 Transitional Protections
Finance Act 2024 (2024 c 3) | Legislation

Part 4 Transitional Protections

Amendments of Schedule 29 to FA 2004

63

(1)     In Schedule 29 to FA 2004 (registered pension schemes: authorised lump sums: supplementary), paragraph 4A (uncrystallised funds pension lump sum) is amended as follows.

(2)     In sub-paragraph (1)—

(a)     at the end of paragraph (e) insert “andâ€;

(b)     omit the “and†at the end of paragraph (f);

(c)     omit paragraph (g).

(3)     Omit sub-paragraphs (3) to (6).

(4)     At the end insert—

“(8)     For further provision about circumstances in which a lump sum is not an uncrystallised funds pension lump sum, see the following provisions of Part 2 of Schedule 36 (transitional provision and saving: pre-commencement rights: enhancement of allowances)—

(a)     paragraph 7(8) (enhancement of allowances: primary protection);

(b)     paragraph 12(3H) (enhancement of allowances: enhanced protection);

(c)     paragraph 18(7) (enhancement of allowances: pre-commencement pension credits);

(d)     paragraph 20A(8) (pension credits from previously crystallised rights);

(e)     paragraph 20B(8) (individuals who are not always relevant UK individuals);

(f)     paragraph 20E(9) (transfers from recognised overseas pension schemes).â€

Amendments of Schedule 34 to FA 2004

64

(1)     Schedule 34 to FA 2004 (non-UK schemes: application of certain charges) is amended as follows.

(2)

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