SCHEDULES

SCHEDULE 3Overseas pensions

Part 3Lump sums for UK residents from foreign pension schemes

Relief from tax under Part 9 of ITEPA 2003 not to give rise to tax under other provisions

13

(1)

In section 393B(2)(a) (tax on benefits under employer-financed retirement benefit schemes: “relevant benefits” do not include benefits charged to tax under Part 9), after “646E” insert “ or any deductions under section 574A(3) ”.

(2)

The amendment made by this paragraph has effect in relation to benefits by way of lump sums paid on or after 6 April 2017.