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- Original (As enacted)
There are currently no known outstanding effects for the Taxation of Pensions Act 2014.
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2.Restriction and reduction of tax charges on certain lump sums
SCHEDULES
Annual cap on pension drawdown abolished for flexi-access drawdown funds
6.In section 167(1) (the pension death benefit rules) in pension...
8.In section 169(1D) (regulations about transfers of drawdown funds) after...
10.In section 172B(7A) (section does not apply to certain increases...
11.In section 182(3) (value of arrangement for purposes of borrowing...
12.In section 182(5) (determining whether rights are uncrystallised) after “the...
13.In section 206(1) (payments which trigger special lump sum death...
14.In section 211(1) (value of crystallised rights for purposes of...
15.In section 212(2) (value of uncrystallised rights for purposes of...
16.In section 216(1) (benefit crystallisation events and amounts crystallised), in...
17.In section 273A(1) (regulations about certain payments by insurance companies)—...
18.In section 280(2) (index of defined expressions) at the appropriate...
19.In paragraph 7 of Schedule 28 (meaning of “income withdrawal”)...
20.In paragraph 21 of Schedule 28 (meaning of “dependants' income...
21.In paragraph 22(2) of Schedule 28 (meaning of “dependant's drawdown...
22.In paragraph 3(5)(a) and (8)(a) of Schedule 29 (deductions when...
23.In paragraph 17 of Schedule 29 (meaning of “drawdown pension...
24.In Schedule 29 after paragraph 17 insert— Flexi-access drawdown fund...
25.In paragraph 18 of Schedule 29 (meaning of “charity lump...
26.In paragraph 4(1) of Schedule 32 (supplementary provision about benefit...
27.In paragraph 17(2) of Schedule 32 (supplementary provision about benefit...
28.(1) In paragraph 20(4) of Schedule 36 (lifetime allowance: deemed...
29.In paragraph 29(3) of Schedule 36 (modifications of paragraph 3...
Repeal and revocation of provisions relating to pre-6 April 2015 flexible drawdown
Reduction of restrictions on new annuities
36.Schedule 28 to FA 2004 (registered pension schemes) is amended...
37.In paragraph 3 (definition of member's lifetime annuity) after sub-paragraph...
38.In paragraph 6 (definition of member's short-term annuity) after sub-paragraph...
39.In paragraph 17 (definition of dependants' annuity) after sub-paragraph (1)...
40.In paragraph 20 (definition of dependants' short-term annuity) after sub-paragraph...
42.Schedule 28 to FA 2004 (registered pension schemes) is further...
43.In paragraph 3(1) (definition of member's lifetime annuity) after paragraph...
44.(1) In paragraph 3(2C) (regulations for cases where lifetime annuity...
45.In paragraph 6(1) (definition of member's short-term annuity) after paragraph...
46.(1) In paragraph 6(1C) (regulations for cases where short-term annuity...
47.In paragraph 17(1) (definition of dependants' annuity) for paragraph (za)...
48.In paragraph 17(1A) for “sub-paragraph (1)(za)” substitute “ sub-paragraphs (1)(za)...
49.(1) In paragraph 17(4) (regulations for cases where dependants' annuity...
50.In paragraph 20(1) (definition of dependants' short-term annuity) after paragraph...
51.(1) In paragraph 20(1C) (regulations for cases where dependants' short-term...
Part 3 Pension payments out of uncrystallised funds
55.In section 166(2) (when a person becomes entitled to a...
56.In section 280(2) (index of defined expressions) after the entry...
57.In Schedule 29 (supplementary provision about authorised lump sums) after...
58.In paragraph 12(2)(b) of Schedule 29 (conditions for treating the...
59.In paragraph 12(4) of Schedule 29 (exceptions to treating the...
61.In paragraph 15 of Schedule 32 (benefit crystallisation event 6:...
Part 6 Provision of information
86.The Registered Pension Schemes (Provision of Information) Regulations 2006 (S.I....
87.After regulation 14 insert— Information provided to member by scheme...
88.(1) Regulation 14A (annual allowance: annual provision of information by...
89.In regulation 14B(1) (information mentioned in regulation 14A to be...
90.(1) The table in regulation 3(1) (provision of event reports...
92.In section 169(4) of FA 2004 (regulations about the provision...
93.(1) Section 251 of FA 2004 (regulations about the provision...
95.(1) Schedule 34 to FA 2004 (application of certain tax...
96.(1) The Pension Schemes (Application of UK Provisions to Relevant...
97.(1) In this paragraph— “the 2013 Regulations” means the Registered...
Death of pension scheme member
Part 1 Death benefits: nominees and successors
Drawdown benefits for nominees and successors of deceased scheme members
Nominees and successors: further drawdown amendments
4.In section 169(1D) (regulations about transfers of drawdown funds) after...
5.In section 172(1)(a) (assignment of rights or benefits) after “dependant”...
6.In section 172A(1)(a) (surrender of rights or benefits) after “dependant”...
7.In section 172A(5) (exceptions to provisions on surrender: entitlement to...
8.In section 172A(5A) (further provision on surrender exceptions)—
10.In section 172A(7) (exceptions to provisions on surrender: prospective entitlements)—...
12.In section 172B(7A) (section does not apply to certain increases...
13.In section 182(3) (value of arrangement for purposes of borrowing...
14.In section 280(2) (index of defined expressions) at the appropriate...
Nomination of charities by nominees and successors of deceased scheme members
Part 2 Lump sum death benefits
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