SCHEDULES

SCHEDULE 2Death of pension scheme member

Part 3Uncrystallised rights at member's death

23

(1)

Section 219 of FA 2004 (availability of individual's lifetime allowance) is amended as follows.

(2)

In subsection (7) (cases where there is more than one benefit crystallisation event 7)—

(a)

after “more than one” insert “ relevant post-death ”,

(b)

omit “by reason of the payment of lump sum death benefits”, and

(c)

for “individual the” substitute “ individual, the relevant post-death ”.

(3)

After subsection (7) insert—

“(7A)

For the purposes of subsection (7), a benefit crystallisation event is a “relevant post-death benefit crystallisation event” if it is benefit crystallisation event 5C or 7.”

(4)

The amendments made by this paragraph come into force on 6 April 2015.