- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
7(1)This paragraph makes provision for the operation of a lifetime allowance enhancement factor in relation to all benefit crystallisation events occurring in relation to an individual where—
(a)the amount of the relevant pre-commencement pension rights of the individual exceeds £1,500,000 (the standard lifetime allowance for the tax year 2006-07), and
(b)notice of intention to rely on this paragraph is given to the Inland Revenue in accordance with regulations made by the Board of Inland Revenue.
(2)The lifetime allowance enhancement factor is the primary protection factor.
(3)The primary protection factor is—
where—
RR is the amount of the relevant pre-commencement pension rights of the individual, and
SLA is £1,500,000 (the standard lifetime allowance for the tax year 2006-07).
(4)Sub-paragraph (3) is subject to paragraph 11 (pension debit on or after 6th April 2006).
(5)The amount of the relevant pre-commencement pension rights of the individual is the aggregate of—
(a)the value of the individual’s relevant uncrystallised pension rights on 5th April 2006 (calculated in accordance with paragraphs 8 and 9), and
(b)the value of the individual’s relevant crystallised pension rights on that date (calculated in accordance with paragraph 10).
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Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
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