Finance Act 2011

16 (1) Section 238 (pension input period) is amended as follows. E+W+S+N.I.

(2) In subsection (1)(a), for the words after “ending with” substitute “—

(i) a nominated date falling before the anniversary of the relevant commencement date, or

(ii) if there is not such a nominated date, the first 5 April after the relevant commencement date (or, if the relevant commencement date is itself 5 April, that date), and”

(3) After subsection (4) insert—

“(4A) A date nominated for the purposes of subsection (3) must not be a date before that on which the nomination is made.”

(4) In subsection (6)—

(a) omit “the earlier of”,

(b) for “and” substitute “ or ”, and

(c) insert at the beginning of paragraph (b) “ if there is not such a nominated date, ”.

(5) In subsection (7), for “to be treated as having ended when” substitute “ that in which ”.