604(1)Amend section 7 (charge to income tax on social security pension lump sum) as follows.U.K.
(2)In subsection (5) for “total income” in each place substitute “ Step 3 income ”.
(3)At the end insert—
“(9)For the purposes of this section P's “Step 3 income” means P's net income less allowances deducted at Step 3 of the calculation in section 23 of ITA 2007 (calculation of income tax liability).”