- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
Schedule 1 has effect. In that Schedule—
Part 1 contains provision about flexibly accessing certain drawdown funds,
Part 2 contains provision about removing certain restrictions relating to annuities to which individuals become entitled on or after 6 April 2015,
Part 3 contains provision about authorising one-off pension payments not made through a drawdown fund,
Part 4 contains provision about charging the annual allowance charge, in cases where an individual has flexibly accessed pension rights, on inputs in respect of money purchase arrangements (and some hybrid arrangements) so far as they exceed £10,000 in a tax year,
Part 5 contains further provision in connection with the taxation of pensions,
Part 6 contains provision about the giving of information, and
Part 7 contains provision about overseas pensions.
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Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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