Amendments of Part 4 of FA 2004 (pension schemes etc)U.K.
20(1)Section 228ZA (tapered reduction of annual allowance: high-income individual) is amended as follows.
(2)In subsection (4) (definition of “adjusted income”), for paragraph (e) substitute—
“(e)the amount of any lump sum death benefit which is subject to the charge to tax on pension income under Part 9 of ITEPA 2003 (pension income) in the tax year.”
(3)In subsection (5) (definition of “threshold income”), for paragraph (d) substitute—
“(d)the amount of any lump sum death benefit which is subject to the charge to tax on pension income under Part 9 of ITEPA 2003 (pension income) in the tax year.”