Legislation – The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024

Part 1
Introductory

1 Citation and commencement

Part 2
Amendments of primary legislation

3 Chapter 15A of Part 9 of ITEPA 2003

4 Chapter 1 of Part 11 of ITEPA 2003

5 Sections 239 and 255 of FA 2004

6 Schedule 29 to FA 2004

7 Schedule 32 to FA 2004

8 Schedule 36 to FA 2004

9 Pensions Act 2004

10 The Pensions (Northern Ireland) Order 2005

11 Pensions Act 2008

12 Pensions (No. 2) Act (Northern Ireland) 2008

13 Schedule 18 to FA 2011

14 Schedule 22 to FA 2013

15 Schedule 6 to FA 2014

16 Schedule 4 to FA 2016

17 Schedule 9 to FA 2024

Part 3
Amendments of subordinate legislation

18 The Occupational Pension Schemes (Assignment, Forfeiture, Bankruptcy etc.) Regulations (Northern Ireland) 1997

19 The Pension Protection Fund (Compensation) Regulations 2005

20 The Pension Protection Fund (Compensation) Regulations (Northern Ireland) 2005

21 The Registered Pension Schemes (Accounting and Assessment) Regulations 2005

22 The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006

23 The Pension Schemes (Information Requirements for Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) Regulations 2006

24 The Registered Pension Schemes (Provision of Information) Regulations 2006

25 The Taxation of Pension Schemes (Transitional Provisions) Order 2006

26 The Pension Protection Fund (Tax) Regulations 2006

27 The Financial Assistance Scheme (Tax) Regulations 2010

28 The Pension Protection Fund (Pension Compensation Sharing and Attachment on Divorce etc) Regulations 2011

29 The Pension Protection Fund (Pension Compensation Sharing and Attachment on Divorce etc.) Regulations (Northern Ireland) 2011

30 The Registered Pension Schemes (Notice of Joint Liability for the Annual Allowance Charge) Regulations 2011

31 The Pension (Non-Taxable Payments Following Death) (Real Time Information) Regulations 2021

Explanatory note

Which version?
Latest available (Revised)
Original (As enacted)

Part 3Amendments of subordinate legislation

The Pension Protection Fund (Compensation) Regulations 200519.

(1)

The Pension Protection Fund (Compensation) Regulations 200527 are amended as follows.

(2)

In regulation 1 (citation, commencement and interpretation) in paragraph (2) omit the entry for “standard lifetime allowance”.

(3)

In regulation 20 (circumstances in which the portion of compensation to be commuted may exceed 25 per cent), in paragraph (2)(c), for “standard lifetime allowance” substitute “lump sum and death benefit allowance (see section 637R of the Income Tax (Earnings and Pensions) Act 2003)”.