C3C8C9C7C6C1C5C4C2Part 4Pension schemes etc

Annotations:
Modifications etc. (not altering text)
C5

Pt. 4 modified (1.7.2008) (N.I.) (with effect in accordance with reg. 1 of the amending Rule) by The Health and Social Care (Pension Scheme) Regulations (Northern Ireland) 2008 (S.R. 2008/256), regs. 1, 124(1) (with regs. 134, 258)

C2

Pt. 4 applied (21.7.2009) by Finance Act 2009 (c. 10), Sch. 35 para. 18

C2Chapter 5Registered pension schemes: tax charges

F1High income excess relief charge

Annotations:
Amendments (Textual)
F1

Ss. 213A-213P and cross-heading inserted (with effect for tax year 2011-12 and subsequent tax years in accordance with Sch. 2 para. 5 of the amending Act) by Finance Act 2010 (c. 13), Sch. 2 para. 2; which insertion fell without ever having effect as a result of the repeal (10.12.2010) of the affecting provision by The Finance Act 2010, Section 23 and Schedule 2 (High Income Excess Relief Charge) (Repeal) Order 2010 (S.I. 2010/2938), arts. 1, 2

213MUprating of opening rights, pension and lump sum

1

This section applies for uprating UOR under section 213H and UOP and UOLS under section 213J.

2

Each is to be increased by the appropriate percentage.

3

The appropriate percentage for a tax year is the percentage arrived at for the tax year in accordance with provision made by order made by the Treasury.

4

An order under subsection (3)—

a

must make provision for securing that the appropriate percentage for a tax year reflects any decrease in the value of money over a specified period, and

b

may do so by reference to any movement in a specified index, or an average of any movements in specified indices, over a specified period.

5

If an order is made under subsection (3) which amends any provision included in an order by virtue of subsection (4)(b), the Treasury must as soon as reasonably practicable after the making of the order carry out a review of the provision made by the regulations for the time being in force under section 213L(1).