Finance Act 2004 (c. 12)

SCHEDULES

SCHEDULE 32 U.K. Registered pension schemes: benefit crystallisation events—supplementary

Modifications etc. (not altering text)

C1 Sch. 32 modified (6.4.2006) by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (S.I. 2006/207), regs. 1(1), 16

C2 Sch. 32 applied (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 23(5)

[F1 Benefit crystallisation [F2 events 5C and 5D]: meaning of “relevant two-year period” U.K.

Textual Amendments

F1 Sch. 32 paras. 14B, 14C and cross-headings inserted (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), Sch. 2 para. 24(3)

F2 Words in Sch. 32 para. 14B cross-heading substituted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 4 para. 7(c)

14B U.K. For the purposes of benefit crystallisation [F3 events 5C and 5D] “the relevant two-year period”, in relation to relevant unused uncrystallised funds held for the purposes of a money purchase arrangement relating to the individual under any of the relevant pension schemes, means the period of two years beginning with the earlier of the day on which the scheme administrator of the scheme first knew of the individual's death and the day on which the scheme administrator could first reasonably have been expected to have known of it.]

Textual Amendments

F3 Words in Sch. 32 para. 14B substituted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 4 para. 7(c)