- Latest available (Revised)
- Point in Time (24/05/2024)
- Original (As enacted)
Point in time view as at 24/05/2024.
There are currently no known outstanding effects for the Finance Act 2004, Section 236ZA.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
(1)Subsection (2) applies where—
(a)at the end of a pension input period, an individual has rights under—
(i)a reformed public service pension scheme arrangement (“the reformed arrangement”), and
(ii)a corresponding legacy public service pension scheme arrangement (“the legacy arrangement”), and
(b)the opening value of the individual’s rights under the legacy arrangement for the period (as determined for the purposes of section 234) exceeds the closing value of the individual’s rights under that arrangement for that period (as so determined).
(2)The pension input amount in respect of the reformed arrangement for the tax year in which the pension input period ends is to be reduced (but not below zero) by the amount of the excess mentioned in subsection (1)(b).
(3)For the purposes of this section an arrangement “corresponds” with another arrangement if—
(a)the arrangements are under pension schemes that are connected, and
(b)a final salary link applies in relation to the individual’s service under those schemes.
(4)In this section—
(a)“reformed public service pension scheme arrangement” means an arrangement under a scheme established by—
(i)regulations under section 1 of the Public Service Pensions Act 2013 (“the 2013 Act”), or
(ii)regulations under section 1 of the Public Service Pensions Act (Northern Ireland) 2014 (“the 2014 Act”);
(b)“legacy public service pension scheme arrangement” means an arrangement under a scheme listed in—
(i)Schedule 5 to the 2013 Act, or
(ii)Schedule 5 to the 2014 Act;
(c)“connected”, in relation to a pension scheme, has the same meaning as in—
(i)the 2013 Act (see section 4(6) of that Act), or
(ii)the 2014 Act (see section 4(6) of that Act);
(d)a “final salary link” applies in relation to an individual’s service under two pension schemes if, pursuant to—
(i)paragraph 1 or 2 of Schedule 7 to the 2013 Act, or
(ii)paragraph 1 or 2 of Schedule 7 to the 2014 Act,
the determination of the individual’s final salary for the purposes of one of those schemes is determined (to any extent) by reference to their service in the other scheme.]
Textual Amendments
F1S. 236ZA inserted (6.4.2024 with effect for the tax year 2023-24 and subsequent tax years) by The Finance Act 2004 (Registered Pension Schemes and Annual Allowance Charge) Order 2024 (S.I. 2024/357), arts. 1(1), 2(2) (with art. 1(2))
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Part you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Part you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: