Part 3 Calculation of Pension Input Amounts for Periods Ending in 2015–16
Finance (No 2) Act 2015 (2015 c 33) | Legislation

Part 3 Calculation of Pension Input Amounts for Periods Ending in 2015–16

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Part 4 of FA 2004 is amended as follows.

8

In section 229 (total pension input amount), after subsection (4) insert—

“(5)     Subsection (2) is subject to section 237ZA (calculation of pension input amounts for input periods ending in 2015–16).”

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After section 237 insert—

“237ZA Pension input amounts for input periods ending in 2015–16

(1)     This section applies where the tax year is the pre-alignment tax year or the post-alignment tax year (see section 228C(2)).

Modified rules for cash balance, or defined benefits, arrangement

(2)     The rules for calculating the pension input amount in respect of a cash balance arrangement, or a defined benefits arrangement, are modified as follows (and the rules for calculating the pension input amount in respect of a hybrid arrangement have effect accordingly).

Single input amount to be calculated for combined period

(3)     The pension input amount in respect of the arrangement is the time-apportioned percentage of any increase in the value of the individual's rights under the arrangement during the period (“the combined period”) that consists of the combination of all pension input periods of the arrangement that end—

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