[574A “Pension”: relevant lump sums]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[574A  “Pension”: relevant lump sums]

[(1)     A lump sum paid under a pension scheme to a member of the scheme, or to a person in respect of a member of the scheme, is “a relevant lump sum” for the purposes of this Chapter if—

(a)     the scheme is none of the following—

(i)     a registered pension scheme,

(ii)     a relevant non-UK scheme, and

(iii)     an employer-financed retirement benefits scheme established in the United Kingdom, and

(b)     the payment of the lump sum is not a relevant step by reason of which Chapter 2 of Part 7A applies.

(2)     A lump sum paid under a relevant non-UK scheme to a member of the scheme, or to a person in respect of a member of the scheme, is “a relevant lump sum” for the purposes of this Chapter if the effect of paragraphs 1 to 7 of Schedule 34 to FA 2004 is that the member payment provisions (see paragraph 1(4) of that Schedule) do not apply in relation to the payment of the lump sum.

[(2A)     A lump sum is not “a relevant lump sum” by virtue of subsection (2) if it is within paragraph 5ZA(1)(a) or (b) of Schedule

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