Lump sum payments by the Financial Assistance Scheme
This section has no associated Explanatory Memorandum
4. Subsections (1) and (2) of section 636A of the Income Tax (Earnings and Pensions) Act 2003(1) (exemption for certain lump sums under registered pension schemes) apply to a lump sum payment under regulation 17D and a payment made under regulation 18A in the form of a lump sum as they apply to the lump sums listed in subsection (1).
(1)
2003 c.1. Section 636A was inserted by paragraph 11 of Schedule 31 to the FA 2004.