SCHEDULES
SCHEDULE 16Benefits under pension schemes
Part 3Commencement and transitional provision
Lifetime allowance charge
104
1
The amendments made by paragraphs 43, 44, 73, 80 and 82(2) have effect in relation to benefit crystallisation events occurring on or after 6 April 2011.
2
Any reference in a provision within sub-paragraph (3) to an amount previously crystallised on the designation of sums or assets as available for the payment of drawdown pension includes a reference to an amount crystallised before 6 April 2011 on the designation of sums or assets as available for the payment of unsecured pension.
3
The provisions are—
a
paragraph 3(2) of Schedule 32 to FA 2004 (benefit crystallisation events 1 and 2: prevention of overlap);
b
paragraph 4(2) of that Schedule (benefit crystallisation events 1 and 4: prevention of overlap);
c
paragraph 17(2) of that Schedule (benefit crystallisation event 8: prevention of overlap with other events).