C1C2C3C4C5C6C7C8C10C11C12C13C14C15C16Part 4Pension schemes etc

Annotations:
Modifications etc. (not altering text)
C7

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)

C10

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

C11

Pt. 4 modified (19.7.2011) by Finance Act 2011 (c. 11), Sch. 18 para. 14(3)

C12

Pt. 4 applied (with modifications) (with application in accordance with Sch. 22 para. 1 of the amending Act) by Finance Act 2013 (c. 29), Sch. 22 para. 1(2)

C13

Pt. 4 modified (17.7.2014) by Finance Act 2014 (c. 26), Sch. 6 para. 1(2)(3)

C14

Pt. 4: power to amend conferred (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), s. 4(3)

C15

Pt. 4 modified (15.9.2016) by Finance Act 2016 (c. 24), Sch. 4 para. 1

C16

Pt. 4 modified (15.9.2016) by Finance Act 2016 (c. 24), Sch. 4 para. 9(2)

C10C11Chapter 5Registered pension schemes: tax charges

Annual allowance charge

I1229C10Total pension input amount

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 F2236A if it is a defined benefits arrangement, and

d

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

C93

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

F3a

satisfies the severe ill-health condition, or

b

has died.

F14

For the purposes of subsection (3)(a) the individual satisfies the severe ill-health condition if the individual—

C17C18a

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,

C17C18b

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

C17C18c

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.

F45

Subsection (2) is subject to section 237ZA (calculation of pension input amounts for input periods ending in 2015-16).