5

The Commissioners for Her Majesty's Revenue and Customs may by regulations amend Part 1 of Schedule 29, or Part 3 of Schedule 36, in connection with cases involving a lump sum within subsection (6).

6

A lump sum is within this subsection if—

a

the sum is paid on or after 19 September 2013 and before 6 April 2015, or

b

the sum is paid before 19 September 2013, a contract for a lifetime annuity is entered into to provide the pension in connection with which the sum is paid, and on or after 19 March 2014 the contract is cancelled.

7

The provision that may be made under subsection (5) includes provision altering the effect of amendments made by the Finance Act 2014.