Part 9Pension income

F1CHAPTER 15ALump sums under registered pension schemes

Introduction

637Introduction

(1)

This Chapter makes provision about the income tax treatment of authorised lump sums and authorised lump sum death benefits.

(2)

In this Chapter—

(a)

“authorised lump sum” means a lump sum permitted by the lump sum rule in section 166 of FA 2004 to be paid by a registered pension scheme to a member of the scheme;

(b)

“authorised lump sum death benefit” means a lump sum death benefit permitted by the lump sum death benefit rule in section 168 of that Act to be paid by a registered pension scheme in respect of a member of the scheme.

(3)

Expressions used in this Chapter and Part 4 of FA 2004 (pensions etc) have the same meaning in this Chapter as in that Part.