5(1)Section 236 (annual allowance charge: defined benefits arrangements: adjustments of closing value) is amended as follows.
(2)In subsection (8A)(c) for “lifetime allowance excess lump sum” substitute “pension commencement excess lump sum”.
(3)In subsection (8D)—
(a)in paragraph (a) omit “or benefit crystallisation event 5, 5A or 5B occurs in relation to the individual and the pension scheme”;
(b)in paragraph (b) omit “or the benefit crystallisation event occurs”.
(4)After subsection (8D) insert—
“(8E)Schedule 32 contains provision about the meaning of references in this section to benefit crystallisation events.”