Schedules
Schedule 9Pensions
Part 3Non-UK schemes
59Amendments of Part 4 of FA 2004
1
Schedule 33 (overseas pension schemes: migrant member relief) is amended as follows.
2
In paragraph 4 (meaning of “relevant migrant member”)—
a
in sub-paragraph (1)(d), after “events that are” insert “relevant”
;
b
after sub-paragraph (3) insert—
4
In this paragraph “relevant benefit crystallisation event” has the same meaning as in section 637S of ITEPA 2003 (availability of individual’s lump sum and death benefit allowance).
3
In paragraph 5 (meaning of “qualifying” overseas pension scheme)—
a
in sub-paragraph (2), for “events that are benefit crystallisation” substitute “relevant”
;
b
for sub-paragraph (2A) substitute—
2A
In sub-paragraph (2) “relevant events” means—
a
relevant benefit crystallisation events, or
b
occasions that are, or could (depending on their timing) be, occasions on which an individual first flexibly accesses pension rights for the purposes of sections 227B to 227F.
c
after sub-paragraph (5) insert—
6
In this paragraph “relevant benefit crystallisation event” has the same meaning as in section 637S of ITEPA 2003 (availability of individual’s lump sum and death benefit allowance).