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  1. Introductory Text

  2. 1.Citation and commencement

  3. 2.Payments made from annuities

  4. 3.Commencement provisions for unsecured pension funds

  5. 4.Modification of section 165

  6. 5.Modification of Schedule 28

  7. 6.Transitional protection for continued life cover (75+)

  8. 7.Modification of section 636A ITEPA 2003

  9. 8.Modification of section 168 and Schedule 29

  10. 9.Valuation of “primary protection” – compensation for poorly performing investments

  11. 10.Modification of section 212

  12. 11.Modification of paragraph 8 of Schedule 36

  13. 12.“Primary protection” and non residents

  14. 13.Modification of section 222

  15. 14.Modification of section 223

  16. 15.Employers or employees with pre-commencement entitlement to corresponding relief

  17. 16.Modification of section 245

  18. 17.Application of 308A ITEPA 2003

  19. 18.“Enhanced protection” and pension commencement lump sums

  20. 19.Pre-commencement pension and calculation of the “permitted maximum” pension commencement lump sum

  21. 20.Pre-commencement lump sum death benefits

  22. 21.Transfers and entitlement to lump sums exceeding 25% of uncrystallised rights

  23. 22.Modification of paragraph 31 of Schedule 36

  24. 23.Modification of paragraph 34 of Schedule 36

  25. 24.Dependant’s scheme pension limit

  26. 25.Lump sums with no connected pension

  27. 26.Application of paragraph 31 of Schedule 36

  28. 27.Contracts approved under section 621(1)(b) of ICTA

  29. 28.Pre-existing entitlement to lump sums and deferment

  30. 29.Member’s unsecured pension funds

  31. 30.Dependant’s unsecured pension funds

  32. 31.Individuals over the age of 75 and alternatively secured pension funds

  33. 32.Dependant’s alternatively secured pension funds

  34. 33.Serious ill-health lump sums, pension protection lump sum death benefits and annuity protection lump sum death benefits

  35. 34.Payments to dependants over the age of 23

  36. 35.Enhanced protection and transfers made in connection with the winding up of a pension scheme

  37. 36.Transfer of crystallised rights with enhanced protection

  38. 37.Modification of section 636B ITEPA 2003

  39. 38.Lump sum payments — general

  40. 39.Lump sums — serious ill-health

  41. 40.Lump sum death benefits— death of member

  42. 41.Lump sum death benefits — death of a dependant

  43. Signature

  44. Explanatory Note