Part 4 U.K.Pension schemes etc

Modifications etc. (not altering text)

Chapter 5U.K.Registered pension schemes: tax charges

Annual allowance chargeU.K.

229Total pension input amountU.K.

(1)The total pension input amount is arrived at by aggregating the pension input amounts in respect of each arrangement relating to the individual under a registered pension scheme of which the individual is a member.

(2)The pension input amount in respect of an arrangement—

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

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

(c)is the amount arrived at under sections 234 to 236 if it is a defined benefits arrangement, and

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

(3)But there is no pension input amount in respect of an arrangement if, before the end of the tax year, the individual—

(a)has become entitled to all the benefits which may be provided to the individual under the arrangement, or

(b)has died.

Commencement Information