Version Superseded: 19/07/2011
Point in time view as at 19/07/2006.
There are currently no known outstanding effects for the Finance Act 2004, Cross Heading: Serious ill-health lump sum.
4(1)For the purposes of this Part a lump sum is a serious ill-health lump sum if—U.K.
(a)before it is paid the scheme administrator has received evidence from a registered medical practitioner that the member is expected to live for less than one year,
(b)it is paid when all or part of the member’s lifetime allowance is available,
(c)it is paid in respect of an uncrystallised arrangement,
(d)it extinguishes the member’s entitlement to benefits under the arrangement, and
(e)it is paid when the member has not reached the age of 75.
(2)An uncrystallised arrangement is an arrangement in respect of which there has been no previous benefit crystallisation event.
Modifications etc. (not altering text)
C1Sch. 29 para. 4(1) modified (6.4.2006) by The Registered Pension Schemes (Splitting of Schemes) Regulations 2006 (S.I. 2006/569), regs. 1(1), 3(1)(2), Sch. 3 Pt. 1
C2Sch. 29 para. 4(2) modified (6.4.2006) by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), arts. 1(1), 33(1)-(3); (as amended (18.11.2024 for the tax year 2024-25 and subsequent tax years) by S.I. 2024/1012, regs. 1(2)(3), 25(21)(a))
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