Finance Act 2016, Cross Heading: The initial conditions is up to date with all changes known to be in force on or before 25 June 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
2U.K.The conditions mentioned in paragraph 1(1)(a) are—
(a)that, on 6 April 2016, the individual has one or more arrangements under—
(i)a registered pension scheme, or
(ii)a relieved non-UK pension scheme of which the individual is a relieved member,
(b)that paragraph 7 of Schedule 36 to FA 2004 (primary protection) does not [F1apply on 6 April 2016] in relation to the individual,
(c)that paragraph 12 of that Schedule (enhanced protection) does not apply in the individual's case on 6 April 2016,
(d)that paragraph 14 of Schedule 18 to FA 2011 (transitional provision relating to new standard lifetime allowance for the tax year 2012-13) does not apply in the individual's case on 6 April 2016, and
(e)that paragraph 1 of Schedule 22 to FA 2013 (“fixed protection 2014” relating to new standard lifetime allowance for the tax year 2014-15) does not apply in the individual's case on 6 April 2016.
Textual Amendments
F1Words in Sch. 4 para. 2(b) substituted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 93(3)(b), 124 (with Sch. 9 paras. 125-132)
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