18. If (and for so long) as paragraph 27 or 29 of Schedule 36 applies in relation to an individual, paragraph 1(1) of Schedule 29 (supplementary provision about authorised lump sums: meaning of “pension commencement lump sum”) shall have effect, in relation to that individual, with the omission of paragraph (b) (requirement that lump sum payable only when [F1all or part of lump sum allowance and all or part of lump sum and death benefit allowance] available) [F2 , and section 239 has effect in the case of a lump sum paid to that individual as if its subsection (3)(b) did not include a reference to paragraph 1(1)(b) of Schedule 29].
Textual Amendments
F1Words in art. 18 substituted (18.11.2024 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 25(9)
F2Words in art. 18 inserted (19.3.2014) by Finance Act 2014 (c. 26), Sch. 5 paras. 12(4)(5), 15
Commencement Information
I1Art. 18 in force at 6.4.2006, see art. 1(1)