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Finance Act 2011

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Changes over time for: Paragraph 41

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Changes to legislation:

Finance Act 2011, Paragraph 41 is up to date with all changes known to be in force on or before 04 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. Help about Changes to Legislation

41(1)In Part 4 of FA 2004, section 206 (special lump sum death benefits charge) is amended as follows.U.K.

(2)In subsection (1), for paragraph (c) substitute—

(c)a drawdown pension fund lump sum death benefit,.

(3)After that subsection insert—

(1A)The special lump sum death benefits charge also arises where—

(a)a defined benefits lump sum death benefit, or

(b)an uncrystallised funds lump sum death benefit,

is paid by a registered pension scheme in respect of a member who had reached the age of 75 at the date of the member's death.

(4)In subsection (4), for “35%” substitute “ 55% ”.

F1(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1Sch. 16 para. 41(5) omitted (with application in accordance with Sch. 2 para. 20 of the amending Act) by virtue of Taxation of Pensions Act 2014 (c. 30), Sch. 2 para. 17(5)

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