the scheme administrator, and

the person to whom the short service refund lump sum is paid,

20% in respect of so much of the lump sum as does not exceed F2£20,000, and

F350% in respect of so much (if any) of it as exceeds that limit.

increase or decrease either or both of the rates for the time being specified in that subsection, or

increase the limit for the time being specified in paragraph (a) of that subsection.

a pension protection lump sum death benefit,

an annuity protection lump sum death benefit, F5...

a drawdown pension fund lump sum death benefit, F7or

a flexi-access drawdown fund lump sum death benefit,

in relation to a flexi-access drawdown fund lump sum death benefit under paragraph 17A(3) of Schedule 29, as a reference to a nominee (and to the nominee's death), and

in relation to a flexi-access drawdown fund lump sum death benefit under paragraph 17A(4) of Schedule 29, as a reference to a successor (and to the successor's death).

a defined benefits lump sum death benefit, or

an uncrystallised funds lump sum death benefit,

a lump sum death benefit is paid F14, to a non-qualifying person, by a registered pension scheme in respect of a member of the scheme who had not reached the age of 75 at the date of the member's death,

the lump sum death benefit is not paid before the end of the period of two years beginning with the earlier of the day on which the scheme administrator of the scheme first knew of the member's death and the day on which the scheme administrator could first reasonably have been expected to have known of it.

a lump sum death benefit is paid F16, to a non-qualifying person, by a registered pension scheme on the death of a dependant, nominee or successor of a deceased member of the scheme,

the dependant, nominee or successor (“the beneficiary”) had not reached the age of 75 at the date of the beneficiary's death,

the lump sum death benefit is not paid before the end of the period of two years beginning with the earlier of the day on which the scheme administrator of the scheme first knew of the beneficiary's death and the day on which the scheme administrator could first reasonably have been expected to have known of it.

the scheme administrator, and

the person to whom the lump sum death benefit is paid,

a lump sum death benefit in respect of which tax is charged under this section is one paid to a non-qualifying person in the person's capacity as a trustee, and

a payment of any part of the lump sum is made out of a settlement to a beneficiary who is an individual,

the person is not an individual, or

the scheme administrator, and

the sponsoring employer,

to the extent that (if this section had not been enacted) the sponsoring employer would have been exempt, or entitled to claim exemption, from income tax or corporation tax in respect of it, or

if the sponsoring employer is a charity.

in the case of an unauthorised member payment F24made to or in respect of a person before the person's death, is the person,

in the case of an unauthorised member payment made F25in respect of a person after the person's death, is the recipient, and

in the case of an unauthorised employer payment, is the F26person to or in respect of whom the payment is made.

that person,

any other person who is liable to the unauthorised payments charge, and

the scheme administrator,

the unauthorised payments surcharge under section 209, and

the scheme sanction charge under section 239.

surchargeable unauthorised member payments (see section 210), and

surchargeable unauthorised employer payments (see section 213).

in the case of a surchargeable unauthorised member payment F29made to or in respect of a person before the person's death, is the person,

in the case of a surchargeable unauthorised member payment made F30in respect of a person after the person's death, is the recipient, and

in the case of a surchargeable unauthorised employer payment, is the F31person to or in respect of whom the payment was made.

that person,

any other person who is liable to the unauthorised payments surcharge, F32...

the scheme administrator, F33and

the sub-scheme administrator,

beginning with the reference date, and

ending with the day on which the surcharge threshold is reached.

the value of the member’s crystallised rights under the arrangement on that date, calculated in accordance with section 211, and

the value of the member’s uncrystallised rights under the arrangement on that date, calculated in accordance with section 212.

the value of each scheme pension or lifetime annuity to which the member has an actual (rather than a prospective) entitlement under the arrangement on that date, F45...

the aggregate of the amount of the sums, and the market value of the assets, representing the F46member's drawdown pension fund in respect of the arrangement on that date (if any)F47, and

the aggregate of the amount of the sums, and the market value of the assets, representing the member's flexi-access drawdown fund in respect of the arrangement on that date (if any).

in accordance with subsection (4) if the arrangement is a cash balance arrangement,

in accordance with subsection (5) if the arrangement is a money purchase arrangement F51that is neither a cash balance arrangement nor a collective money purchase arrangement,

in accordance with subsection (6) if the arrangement is a defined benefits arrangement F52or a collective money purchase arrangement, and

in accordance with subsection (7) if the arrangement is a hybrid arrangement.

the amount of such of the sums held for the purposes of the arrangement on the date as represent those rights, and

the market value of such of the assets held for the purposes of the arrangement on the date as represent those rights.

beginning with the reference date, and

ending with the day on which the surcharge threshold is reached.

at the rate of 55% in respect of so much (if any) of the chargeable amount as constitutes the lump-sum amount, and

at the rate of 25% in respect of so much (if any) of the chargeable amount as constitutes the retained amount.

the basic amount, and

any amount which is treated as forming part of the lump-sum amount under subsection (6) or of the retained amount under subsection (8).

if the first lifetime allowance F61charge condition is met, is the amount by which the amount crystallised by the benefit crystallisation event exceeds the amount of the individual’s lifetime allowance available on it, and

if the second lifetime allowance charge condition is met, is the amount crystallised by the benefit crystallisation event.

so much of the basic amount as is paid as a lump sum to the individual or a lump sum death benefit in respect of the individual, and

any amount which is treated as forming part of the lump-sum amount under subsection (6).

so much of the basic amount as is not paid as a lump sum to the individual or a lump sum death benefit in respect of the individual, and

any amount which is treated as forming part of the retained amount under subsection (8).

the tax is paid by the scheme administrator, F62...

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

the events which are benefit crystallisation events in relation to the individual, and

the amount which is crystallised by each of those events.

the individual, and

the scheme administrator of the pension scheme,

two or more relevant post-death benefit crystallisation events occur in respect of an individual, and

tax is not chargeable on the whole of the total of the amounts crystallised by them.

that person,

any other person who is liable to the lifetime allowance charge, and

the scheme administrator (if not so liable),

the consumer prices index for the month of September in any tax year (“the prior tax year”) is higher than it was for the previous September, and

the prior tax year is the tax year 2017-18 or a later tax year.

increased by the percentage increase in the index, and

if the result is not a multiple of £100, rounded up to the nearest amount which is such a multiple.

benefit crystallisation event 5C occurs by reason of the designation on or after 6 April 2015 of sums or assets held for the purposes of an arrangement relating to the individual, and

the individual died before 6 April 2012,

benefit crystallisation event 5C occurs by reason of the designation on or after 6 April 2015 of sums or assets held for the purposes of an arrangement relating to the individual, and

the individual died in the period consisting of the tax year 2012-13 and the tax year 2013-14,

benefit crystallisation event 5C occurs by reason of the designation on or after 6 April 2016 of sums or assets held for the purposes of an arrangement relating to the individual, and

the individual died in the period consisting of the tax year 2014-15 and the tax year 2015-16,

benefit crystallisation event 5D occurs by reason of a person becoming entitled on or after 6 April 2016 to an annuity in respect of the individual, and

the individual died in the period beginning with 3 December 2014 and ending with 5 April 2016,

in a case in which the previously-used amount is equal to or greater than the amount of the individual’s lifetime allowance, none of the individual’s lifetime allowance is available on the current benefit crystallisation event, and

in any other case, so much of the individual’s lifetime allowance as is left after deducting the previously-used amount is available on the current benefit crystallisation event.

where one benefit crystallisation event has occurred in relation to the individual before the current benefit crystallisation event, the amount F93which is the relevant untaxed amount in relation to the previous benefit crystallisation event as adjusted under subsection (5), or

where two or more benefit crystallisation events have occurred in relation to the individual before the current benefit crystallisation event, the aggregate of the amounts F94which are the relevant untaxed amounts in relation to each previous benefit crystallisation event as adjusted under subsection (5).

where no tax was charged in relation to the benefit crystallisation event, the amount in respect of which tax would have been so charged if none of the individual's lifetime allowance had been available, and

where tax was charged in relation to the benefit crystallisation event, so much of the amount in respect of which tax would have been so charged if none of the individual's lifetime allowance had been available as exceeds the amount in respect of which tax was so charged.

the individual has (at any time after 5th April 2006 but before the benefit crystallisation event) acquired rights under a registered pension scheme by reason of having become entitled to a pension credit,

the pension credit derived from the same or another registered pension scheme, and

the rights under that registered pension scheme which became subject to the corresponding pension debit consisted of or included rights to a post-commencement pension in payment.

in a case where the appropriate amount is arrived at under section 29(2) or (3)(b) of WRPA 1999 or Article 26(2) or (3)(b) of WRP(NI)O 1999, is so much of that amount as is attributable to rights to a post-commencement pension in payment, and

in a case where the appropriate amount is arrived at under section 29(3)(a) of WRPA 1999 or Article 26(3)(a) of WRP(NI)O 1999, is so much of that amount as is just and reasonable.

is a relevant UK individual only by virtue of paragraph (c) of section 189(1) (individuals resident in UK at some time in previous five tax years), and

is not employed by a person resident in the United Kingdom.

beginning with the date on which the benefits first began to accrue to or in respect of the individual under the arrangement or, if later, 6th April 2006, and

ending immediately before the benefit crystallisation event.

if the arrangement is a cash balance arrangement, the cash balance arrangement non-residence factor (see subsections (3) to (5)), and

if the arrangement is any other sort of money purchase arrangement, the other money purchase arrangement non-residence factor (see subsections (6) and (7)).

the factor arrived at by the application of subsection (4) in relation to the part of the active membership period during which the individual was a relevant overseas individual, or

if there have been two or more parts of that period during which the individual was a relevant overseas individual, the aggregate of the factors arrived at by the application of subsection (4) in relation to each of those parts of that period.

the closing value of the individual’s rights under the arrangement is the amount which would, on the valuation assumptions (see section 277), be available for the provision of benefits to or in respect of the individual under the arrangement if the individual became entitled to the benefits at the end of that part of that period, and

the opening value of the individual’s rights under the arrangement is the amount which would, on the valuation assumptions, be available for the provision of benefits to or in respect of the individual under the arrangement if the individual became entitled to the benefits at the beginning of that part of that period.

the factor arrived at by the application of subsection (7) in relation to the part of the active membership period during which the individual was a relevant overseas individual, or

if there have been two or more parts of that period during which the individual was a relevant overseas individual, the aggregate of the factors arrived at by the application of subsection (7) in relation to each of those parts of that period.

if the arrangement is a defined benefits arrangement, the defined benefits arrangement non-residence factor (see subsections (3) and (4)), and

if the arrangement is a hybrid arrangement, the hybrid arrangement non-residence factor (see subsections (5) to (7)).

the factor arrived at by the application of subsection (4) in relation to the part of the active membership period during which the individual was a relevant overseas individual, or

if there have been two or more parts of that period during which the individual was a relevant overseas individual, the aggregate of the factors arrived at by the application of subsection (4) in relation to each of those parts of that period.

what would be the cash balance arrangement non-residence factor (under section 222) if the arrangement were a cash balance arrangement,

what would be the other money purchase arrangement non-residence factor (under that section) if the arrangement were a collective money purchase arrangement,

what would be the other money purchase arrangement non-residence factor (under that section) if the arrangement were F108a money purchase arrangement other than a cash balance arrangement or a collective money purchase arrangement, and

what would be the defined benefits arrangement non-residence factor (under subsections (3) and (4)) if the arrangement were a defined benefits arrangement,

cash balance benefits are linked to the cash balance arrangement non-residence factor,

other money purchase benefits are linked to the other money purchase arrangement non-residence factor, and

defined benefits are linked to the defined benefits arrangement non-residence factor.

held for the purposes of an arrangement under a recognised overseas pension scheme, or

representing accrued rights under such an arrangement,

beginning with the date on which the benefits first began to accrue to or in respect of the individual under the recognised overseas scheme arrangement or, if later, 6th April 2006, and

ending immediately before the recognised overseas scheme transfer.

if the recognised overseas scheme arrangement was a cash balance arrangement, the cash balance relevant relievable amount (see subsections (3) to (5)), and

if the recognised overseas scheme arrangement was any other sort of money purchase arrangement, the other money purchase relevant relievable amount (see subsections (6) and (7)).

the amount arrived at by the application of subsection (4) in relation to the part of the overseas arrangement active membership period during which the individual was not a relevant overseas individual, or

if there have been two or more parts of that period during which the individual was not a relevant overseas individual, the aggregate of the amounts arrived at by the application of subsection (4) in relation to each of those parts of that period.

the closing value of the individual’s rights under the recognised overseas scheme arrangement is the amount which would, on the valuation assumptions (see section 277), be available for the provision of benefits to or in respect of the individual under the arrangement if the individual became entitled to the benefits at the end of that part of that period, and

the opening value of the individual’s rights under the arrangement is the amount which would, on the valuation assumptions, be available for the provision of benefits to or in respect of the individual under the arrangement if the individual became entitled to the benefits at the beginning of that part of that period.

the amount arrived at by the application of subsection (7) in relation to the part of the overseas arrangement active membership period during which the individual was not a relevant overseas individual, or

if there have been two or more parts of that period during which the individual was not a relevant overseas individual, the aggregate of the amounts arrived at by the application of subsection (7) in relation to each of those parts of that period.

if the recognised overseas scheme arrangement was a defined benefits arrangement, the defined benefits relevant relievable amount (see subsections (3) and (4)), and

if the recognised overseas scheme arrangement was a hybrid arrangement, the hybrid relevant relievable amount (see subsections (5) to (7)).

the amount arrived at by the application of subsection (4) in relation to the part of the overseas arrangement active membership period during which the individual was not a relevant overseas individual, or

if there have been two or more parts of that period during which the individual was not a relevant overseas individual, the aggregate of the amounts arrived at by the application of subsection (4) in relation to each of those parts of that period.

what would be the cash balance relevant relievable amount (under section 225) if the recognised overseas scheme arrangement had been a cash balance arrangement,

what would be the other money purchase relevant relievable amount (under that section) if that arrangement had been a collective money purchase arrangement,

what would be the other money purchase relevant relievable amount (under that section) if that arrangement had been F110a money purchase arrangement other than a cash balance arrangement or a collective money purchase arrangement, and

what would be the defined benefits relevant relievable amount (under subsections (3) and (4)) if that arrangement had been a defined benefits arrangement,

cash balance benefits are linked to the cash balance relevant relievable amount,

other money purchase benefits are linked to the other money purchase relevant relievable amount, and

defined benefits are linked to the defined benefits relevant relievable amount.

the money-purchase input sub-total (see section 227C) exceeds F137£10,000, and

the alternative chargeable amount exceeds the default chargeable amount.

the total pension input amount calculated in accordance with section 229(1), exceeds

the annual allowance for the year in the case of the individual (see sections 228(1) and 228A).

the amount (if any) by which the defined-benefit input sub-total exceeds the alternative annual allowance, and

the amount by which the money-purchase input sub-total exceeds F141£10,000.

the pension input amounts in respect of each defined benefits arrangement relating to the individual under a registered pension scheme of which the individual is a member (see section 229(2)(c)),

any amounts required to be included by section F146... 227F(4) or (6) (pension input periods that end in the year F147and contain the day on which rights are first flexibly accessed F148...).

is a relevant input amount for the purposes of section 237, and

the pension input amounts in respect of each money purchase arrangement relating to the individual under a registered pension scheme of which the individual is a member (see section 229(2)(a) and (b)), and

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

section 227F(2), (3) and (5) (pension input periods that end in the tax year and contain F157the day on which rights are first flexibly accessed).

section 227B(5) (hybrid arrangements where input amount C is highest-equal input amount), and

section 227D (pension input amounts for certain hybrid arrangements).

relating to the individual under a registered pension scheme of which the individual is a member,

made on or after 14 October 2014 or having become a hybrid arrangement (whether or not for the first time) on or after that day, and

in respect of which the pension input amount is input amount C mentioned in section 237.

the pension input amount in respect of the arrangement is for the purposes of sections 227B(3)(b) and 227C(1)(b) treated as being not input amount C mentioned in section 237 but, instead, the greater F158or greatest of such of input amounts A F159, AA and B mentioned in section 237 as are, for the purposes of section 237, relevant input amounts in the case of the arrangement, and

the maximising set contains no relevant hybrid arrangements,

a particular relevant hybrid arrangement makes up that set, or

two or more particular relevant hybrid arrangements make up that set,

beginning with the day after that on which the individual first flexibly accesses pension rights, and

ending at the end of the pension input period mentioned in subsection (1).

the (actual) pension input amount in respect of the arrangement (see section 229(2)(a) or (b)), exceeds

the amount treated by subsection (2) or (3) as being the pension input amount in respect of the arrangement,

input amount A mentioned in section 237 is for the purposes of sections 227C(1)(b) and 227D(2) treated as being—

the (actual) pension input amount in respect of the arrangement (see section 229(2)(d)), exceeds

the amount which, in accordance with subsection (5) and section 227D, is for the purposes of section 227C(1)(b) the pension input amount in respect of the arrangement,

the individual has a member's flexi-access drawdown fund in respect of an arrangement, and

the individual has a member's drawdown pension fund in respect of an arrangement, and

the sums and assets that make up the fund become newly-designated funds by the operation of paragraph 8B of Schedule 28,

the individual has a member's drawdown pension fund in respect of an arrangement, and

the sums and assets that make up the fund become newly-designated funds by the operation of paragraph 8C of Schedule 28,

the annuity is within paragraph 3(1A) of Schedule 28, and

the terms of the contract are such that there will or could be decreases in the amount of the annuity other than decreases from time to time allowed by regulations under paragraph 3(1)(d) of Schedule 28 (and any such regulations are to be treated as having effect for this purpose).

the individual is entitled to payment of a scheme pension under a F164relevant arrangement under a registered pension scheme,

the scheme pension is not payable under an annuity contract treated under section 153(8) or (8A) as having become a registered pension scheme,

payment of income withdrawal from the fund, or

payment of a short-term annuity purchased using sums or assets out of the fund,

the individual's adjusted income for the tax year is more than F173£260,000 and

the individual's threshold income for the tax year is more than the amount given by F174F175£260,000 minus the amount specified for the tax year by or under section 228.

the individual's net income for the year (see Step 2 of the calculation in section 23 of ITA 2007), plus

the amount of any relief under section 193(4) or 194(1) deducted at that Step, plus

the amount of any lump sum which accrues in the year and in relation to which section 579A of ITEPA 2003 is applied by section 636A(4ZA) of ITEPA 2003.

the individual's net income for the year (see Step 2 of the calculation in section 23 of ITA 2007), plus

any amount by which what would otherwise be general earnings or specific employment income of the individual for the year has been reduced by relevant salary sacrifice arrangements or relevant flexible remuneration arrangements, less

the amount (before any deduction under section 192(1)) of any contribution paid in the year in respect of which the individual is entitled to be given relief under section 192 (relief at source), less

the amount of any lump sum which accrues in the year and in relation to which section 579A of ITEPA 2003 is applied by section 636A(4ZA) of ITEPA 2003.

for the tax year, or

for two or more tax years which include the tax year.

reducing the individual's adjusted income for the tax year, and

reducing the individual's threshold income for the tax year.

had effect for that year, and

did so as if the total pension input amount mentioned in section 228ZA(4)(d)(i) were the sum of the total pension input amounts for the pre-alignment and post-alignment tax years (see section 228C(2)).

the amount of the annual allowance (before any increase under this section) for the immediately preceding tax year exceeded the total pension input amount in the case of the individual for that tax year, or

the amount of the annual allowance (before any such increase) for either or both of the two tax years immediately preceding that immediately preceding tax year exceeded the total pension input amount in the case of the individual for the tax year concerned and the excess (or, where there is an excess for both of those tax years, the excess for both tax years) has not been used up,

does not apply in relation to a tax year preceding the current tax year unless the individual was a member of a registered pension scheme at some time during that tax year, but

subject to that, applies in relation to such a tax year even if the total pension input amount in the case of the individual for that tax year was nil (in which case the excess within paragraph (a) or (b) of that subsection is the whole amount of the annual allowance before any increase under this section).

any excess within subsection (3)(a), and

so much of any excess within subsection (3)(b) as has not been used up.

for a tax year falling between that tax year and the current tax year (an “intervening tax year”), the total pension input amount in the case of the individual exceeded the annual allowance (apart from any increase under this section), and

the amount of the excess had effect by virtue of this section to reduce (or eliminate) the annual allowance charge for the intervening tax year in the case of the individual.

a reference in subsection (3)(a) or (b), (4)(b) or (6)(a) to the annual allowance for that preceding tax year is a reference to the alternative annual allowance for that preceding tax year (see section 227B(2)), and

a reference in subsection (3)(a) or (b), (4)(b) or (6)(a) to the total pension input amount in the case of the individual for that preceding tax year is a reference to the defined-benefit input sub-total in the case of the individual for that preceding tax year (see section 227B(3) to (5)).

preceding the current tax year, and

ending not later than 5 April 2015,

is one of the 3 consecutive periods of 12 months immediately before the commencement date of the first pension input period, and

is a period in which the arrangement was in existence at any time.

a cash balance arrangement,

a defined benefits arrangement, or

a hybrid arrangement the only benefits under which may be cash balance benefits or defined benefits.

is the amount arrived at under sections 230 to 232 if it is a cash balance arrangement,

is the amount arrived at under section 233 if it is any other sort of money purchase arrangement,

is the amount arrived at under sections 234 to F180236A if it is a defined benefits arrangement, and

is the amount arrived at under section 237 if it is a hybrid arrangement.

satisfies the severe ill-health condition, or

has died.

becomes entitled to all the benefits to which the individual is entitled under the arrangement in consequence of the scheme administrator having received evidence from a registered medical practitioner that the individual is suffering from ill-health which makes the individual unlikely to be able (otherwise than to an insignificant extent) to undertake gainful work (in any capacity) before reaching pensionable age,

becomes entitled to a serious ill-health lump sum under the arrangement, or

is a member of the armed forces of the Crown who becomes entitled under the arrangement to a benefit on which no liability to income tax arises by virtue of section 641(1) of ITEPA 2003.

the opening value of the individual’s rights under the arrangement, is exceeded by

the closing value of the individual’s rights under the arrangement.

where the pension input period is the first pension input period of the arrangement, is the amount which would, on the valuation assumptions (see section 277), be available for the provision of benefits to or in respect of the individual under the arrangement if the individual became entitled to the benefits immediately before that pension input period (or is nil if no such amount would be available), or

in any other case, is the amount which would, on the valuation assumptions, be available for the provision of benefits to or in respect of the individual under the arrangement if the individual became entitled to the benefits at the end of the immediately preceding pension input period.

section 8 of the Pension Schemes Act 1993, or

section 4 of the Pension Schemes (Northern Ireland) Act 1993,

the relevant percentage, plus

the relevant statutory increase percentage.

is, throughout the pension input period, a deferred member of the pension scheme that the arrangement is under,

is such a deferred member for part of the pension input period and a pensioner member for the rest of it, or

would meet the condition in paragraph (a) or (b) if the arrangement were the only arrangement under the pension scheme relating to that individual.

the individual is a deferred member of the pension scheme that the arrangement is under from the beginning of the pension input period until the transfer (or would be if the arrangement were the only arrangement under the pension scheme relating to that individual), and

rights do not accrue under the arrangement to or in respect of the individual during so much of the pension input period as falls after the transfer.

if condition B in section 232(6A) is met in relation to the accrual of benefits under the arrangements, or

so far as the accrual of benefits under the arrangements is to be an increase in the rights of the individual which falls to be subtracted by virtue of section 232(6A)(b).

a registered pension scheme, or

a qualifying recognised overseas pension scheme.

normal actuarial practice must be used when determining and comparing the amount of the reduction, and the amount of the increase, in rights,

the amount of a reduction or increase in rights under the arrangement is the difference between the amount of those rights under the arrangement immediately before the transfer and immediately after the transfer, and

the amount of an increase or reduction in rights under a pension scheme is the difference between the amount of those rights under the pension scheme immediately before the transfer and immediately after the transfer.

benefit crystallisation event 1, 2 or 4 occurs in relation to the individual and the arrangement,

benefit crystallisation event 3 occurs in relation to the individual and the arrangement otherwise than by reason of a provision contained in, or made under, any enactment,

benefit crystallisation event 6 occurs or, but for paragraph 15A of Schedule 32, would occur in relation to the individual and the arrangement by virtue of the individual becoming entitled to a pension commencement lump sum or a lifetime allowance excess lump sum, or

there is an allocation of rights of the individual under the arrangement (not falling within paragraph (a)),

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

in the case of benefit crystallisation event 6, the amount of the lump sum, and

in any other case, the amount of the reduction in the amount of the rights available for the provision of benefits to or in respect of the individual occurring by reason of the benefit crystallisation event or allocation.

the individual becomes actually entitled to all of the individual’s benefits under the pension scheme or benefit crystallisation event 5, 5A or 5B occurs in relation to the individual and the pension scheme, and

the adjustment takes place after the individual becomes so entitled or the benefit crystallisation event occurs.

any relievable pension contributions paid by or on behalf of the individual under the arrangement, and

contributions paid in respect of the individual under the arrangement by an employer of the individual,

the opening value of the individual’s rights under the arrangement, is exceeded by

the closing value of the individual’s rights under the arrangement.

if the pension input period is the first pension input period of the arrangement, the annual rate of the pension which would, on the valuation assumptions (see section 277), be payable to the individual under the arrangement if the individual became entitled to payment of it immediately before that pension input period (or is nil if no such annual rate would be so payable), or

in any other case, the annual rate of the pension which would, on the valuation assumptions, be payable to the individual under the arrangement if the individual became entitled to payment of it at the end of the immediately preceding pension input period, and

LSB is—

if the pension input period is the first pension input period of the arrangement, the amount of the lump sum to which the individual would, on the valuation assumptions, be entitled under the arrangement (otherwise than by commutation of pension) if the individual became entitled to the payment of it immediately before that pension input period (or is nil if there is no such lump sum to which the individual would be so entitled), or

in any other case, the amount of the lump sum to which the individual would, on the valuation assumptions, be entitled under the arrangement (otherwise than by commutation of pension) if the individual became entitled to the payment of it at the end of the immediately preceding pension input period.

section 8 of the Pension Schemes Act 1993, or

section 4 of the Pension Schemes (Northern Ireland) Act 1993,

subsection (5BC) applies.

is, throughout the pension input period, a deferred member of the pension scheme that the arrangement is under,

is such a deferred member for part of the pension input period and a pensioner member for the rest of it, or

would meet the condition in paragraph (a) or (b) if the arrangement were the only arrangement under the pension scheme relating to the individual.

the individual is a deferred member of the pension scheme that the arrangement is under from the beginning of the pension input period until the transfer (or would be if the arrangement were the only arrangement under the pension scheme relating to that individual), and

rights do not accrue under the arrangement to or in respect of the individual during so much of the pension input period as falls after the transfer.

the arrangement (“the annuity arrangement”) is a defined benefits arrangement under an annuity contract which is treated as a registered pension scheme under section 153(8),

the value of the relevant rights of the individual does not increase during the pension input period at an annual rate greater than the annuity rate plus the relevant statutory increase percentage.

if condition B in section 236(5A) is met in relation to the accrual of benefits under the arrangements, or

so far as the accrual of benefits under the arrangements is to be a subtractable increase in the annual rate of the pension, or the amount of the lump sum, to which the individual would be entitled under the defined benefits arrangement.

a registered pension scheme, or

a qualifying recognised overseas pension scheme,

normal actuarial practice must be used when determining and comparing the amount of a reduction, and the amount of an increase, in the value of benefits to be paid to or in respect of the individual,

the amount of a reduction or increase in the value of benefits to be paid to or in respect of the individual under the arrangement is the difference between the value of those benefits under that arrangement immediately before the transfer and immediately after the transfer, and

the amount of an increase or reduction in the value of benefits to be paid to or in respect of an individual under a pension scheme is the difference between the value of those benefits under that pension scheme immediately before and immediately after the transfer.

benefit crystallisation event 2 occurs in relation to the individual and the arrangement,

benefit crystallisation event 3 occurs in relation to the individual and the arrangement otherwise than by reason of a provision contained in, or made under, any enactment, or

benefit crystallisation event 6 occurs in relation to the individual and the arrangement by virtue of the individual becoming entitled to a pension commencement lump sum or a lifetime allowance excess lump sum,

in the case of benefit crystallisation event 2, the annual rate of the pension to which the individual became entitled,

in the case of benefit crystallisation event 3, the increase in the annual rate of the pension, and

in the case of benefit crystallisation event 6, the amount of the lump sum.

the individual becomes actually entitled to all of the individual’s benefits under the pension scheme or benefit crystallisation event 5, 5A or 5B occurs in relation to the individual and the pension scheme, and

the adjustment takes place after the individual becomes so entitled or the benefit crystallisation event occurs.

section 234 were modified in accordance with subsection (5), and

sections 235 and 236 were omitted.

in subsection (4), for the words after “the arrangement is” there are substituted “ such amount as, applying normal actuarial practice, is the expected cost of giving effect to the individual's rights under the arrangement at the end of the immediately preceding pension input period (or is nil if the pension input period is the first pension input period of the arrangement). ”,

in subsection (5), for the words after “the arrangement is” there are substituted “ such amount as, applying normal actuarial practice, is the expected cost of giving effect to the individual's rights under the arrangement at the end of the pension input period. ”, and

subsection (6) is omitted.

the individual, and

the scheme administrator of the pension scheme or pension schemes concerned,

the amount of the individual's liability to the annual allowance charge for a tax year exceeds £2,000, and

the pension scheme input amount in the case of the individual in relation to a registered pension scheme for the tax year exceeds the amount of the annual allowance specified in section 228(1) for the tax year.

the reference in subsection (1)(a) to the amount of the individual's liability to the annual allowance charge for the tax year, and

the reference in subsection (3) to the annual allowance charge arising in the case of the individual.

does not exceed the amount of the annual allowance charge which would be chargeable on the excess mentioned in subsection (1)(b) if it were charged at the relevant rate, and

is specified in the notice,

in relation to so much of the excess as does not exceed the amount (if any) on which tax is chargeable in the case of the individual for the tax year at the additional rate F248... by virtue of paragraph (c) of subsection (4A) of section 227, the additional rate F249...

in relation to so much of the excess as is not within paragraph (a) and does not exceed the amount (if any) on which tax is so chargeable at the higher rate F250... by virtue of paragraph (b) of that subsection, the higher rate F251... , and