Finance Act 2011, Paragraph 28 is up to date with all changes known to be in force on or before 09 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
28(1)Paragraph 4 (serious ill-health lump sum) is amended as follows.U.K.
(2)In sub-paragraph (1)—
F1(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b)omit paragraph (e) (and the “and” before it).
(3)After sub-paragraph (2) insert—
“(3)For the purposes of sub-paragraph (2)—
(a)the fact that benefit crystallisation event 5 or benefit crystallisation event 5B has occurred in relation to the member is to be disregarded, and
(b)anything which, but for paragraph 2 of Schedule 32, would have been a benefit crystallisation event is to be treated as if it were such an event.”
Textual Amendments
F1Sch. 16 para. 28(2)(a) omitted (with effect in accordance with Sch. 5 para. 4 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 5 para. 3(3)(a)
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