C1C2C3C4C5C6C7C8C9C10C11C12C13C14C15Part 4Pension schemes etc

Annotations:
Modifications etc. (not altering text)
C7

Pt. 4 modified (1.7.2008) (N.I.) (with effect in accordance with reg. 1 of the amending Rule) by The Health and Social Care (Pension Scheme) Regulations (Northern Ireland) 2008 (S.R. 2008/256), regs. 1, 124(1) (with regs. 134, 258)

C9

Pt. 4 applied (21.7.2009) by Finance Act 2009 (c. 10), Sch. 35 para. 18

C10

Pt. 4 modified (19.7.2011) by Finance Act 2011 (c. 11), Sch. 18 para. 14(3)

C11

Pt. 4 applied (with modifications) (with application in accordance with Sch. 22 para. 1 of the amending Act) by Finance Act 2013 (c. 29), Sch. 22 para. 1(2)

C12

Pt. 4 modified (17.7.2014) by Finance Act 2014 (c. 26), Sch. 6 para. 1(2)(3)

C13

Pt. 4: power to amend conferred (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), s. 4(3)

C14

Pt. 4 modified (15.9.2016) by Finance Act 2016 (c. 24), Sch. 4 para. 1

C15

Pt. 4 modified (15.9.2016) by Finance Act 2016 (c. 24), Sch. 4 para. 9(2)

C9C10Chapter 5Registered pension schemes: tax charges

Annual allowance charge

C17C16237BAF1F2Time limit for notices under section 237B

1

This section specifies the time limit for an individual to give a notice under section 237B(3) in relation to a pension scheme for a tax year (see section 237B(5)(a)).

2

Except where subsection (5) applies, the individual must give the notice not later than 31 July in the year following the year in which the tax year ends.

3

Subsection (5) applies where—

a

at a relevant time, the scheme administrator gives the individual information about a change to the pension scheme input amount in relation to the pension scheme for the tax year,

b

the scheme administrator is required to give the individual the information by regulations under section 251, and

c

section 237B applies to the individual, in relation to the pension scheme and the tax year, as a result of that change.

4

In subsection (3), “relevant time” means a time falling—

a

on or after 2 May in the year following that in which the tax year in question ends, and

b

before the end of the period of 6 years beginning with the end of the tax year in question.

5

Where this subsection applies, the individual must give the notice before whichever is the earlier of the following—

a

the end of the period of 3 months beginning with the day on which the scheme administrator gives the individual the information described in subsection (3)(a), and

b

the end of the period of 6 years beginning with the end of the tax year in question.

6

In this section, “pension scheme input amount” has the meaning given in section 237B(2).