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26.—(1) Regulation 2 of the Additional Voluntary Contributions Regulations (interpretation) is amended in accordance with this regulation.
(2) Omit the definitions of “the Taxes Act”, “free-standing additional voluntary contributions scheme”, “personal pension scheme” and “retirement benefits scheme”.
(3) Insert each of the following definitions at the appropriate place in the alphabetical order—
““the 2004 Act” means the Finance Act 2004;
“lifetime allowance” shall be construed in accordance with Part 4 of the 2004 Act (pension schemes etc.);
“pension commencement lump sum” means a lump sum for the purposes of Part I of Schedule 29 to the 2004 Act not exceeding 25 per cent of the proceeds of any investment made under regulation 7(1), 8(2) or 9(4);
“registered pension scheme” has the meaning given by section 150(2) of the 2004 Act;”.
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