16(1)Section 238 (pension input period) is amended as follows.U.K.
(2)In subsection (1)(a), for the words after “ending with” substitute “—
(i)a nominated date falling before the anniversary of the relevant commencement date, or
(ii)if there is not such a nominated date, the first 5 April after the relevant commencement date (or, if the relevant commencement date is itself 5 April, that date), and”
(3)After subsection (4) insert—
“(4A)A date nominated for the purposes of subsection (3) must not be a date before that on which the nomination is made.”
(4)In subsection (6)—
(a)omit “the earlier of”,
(b)for “and” substitute “ or ”, and
(c)insert at the beginning of paragraph (b) “ if there is not such a nominated date, ”.
(5)In subsection (7), for “to be treated as having ended when” substitute “ that in which ”.