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Finance Act 2004
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204Authorised pensions and lump sumsU.K.
(1)Schedule 31 contains provision about the taxation of pensions and lump sums which are authorised to be paid by this Part.
(2)Schedule 36 contains (in Part 4) transitional provision about the taxation of annuities under existing retirement annuity contracts and other relevant transitional provision.
[F1(3)For further provision, in addition to that contained in this Chapter, about the taxation of pensions and lump sums which are authorised to be paid by this Part, see—
(a)Chapter 5A of Part 9 of ITEPA 2003 (pensions under registered pension schemes);
(b)Chapter 15A of that Part of that Act (lump sums under registered pension schemes).]
Textual Amendments
F1S. 204(3) inserted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 2, 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4; and (18.11.2024 for the tax year 2024-25 and subsequent tax years) by S.I. 2024/1012, regs. 1(2)(3), 17)
Modifications etc. (not altering text)
C1Pt. 4 modified (13.2.2025 with effect in relation to the tax year 2024-25 and subsequent tax years) by The MPs’, Senedd and Assembly Pension Schemes (Tax) Regulations 2025 (S.I. 2025/52), regs. 1(2)(3), 6
Commencement Information
I1Ss. 160-274, 281, Schs. 30-35 in force at 6.4.2006 but any power to make an order or regulations under those provisions may be exercised at any time after Royal Assent, see s. 284
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