SCHEDULES

SCHEDULE 4Pensions: lifetime allowance: transitional provision

PART 4Information

Amendments of regulations

24

1

In the table in regulation 3(1) (provision of event reports by scheme administrators to HM Revenue and Customs), the entry for reportable event 6 (report where benefit crystallisation event occurs in relation to member of scheme) is amended as follows.

2

In column 1 of the entry, in paragraph (b)—

a

omit the “or” at the end of sub-paragraph (iv), and

b

after sub-paragraph (v) insert

, or

vi

fixed protection 2016 or individual protection 2016.

3

In column 2 of the entry—

a

in the words before paragraph (a), before “the Commissioners” insert “ or on behalf of ”,

b

omit the “or” at the end of paragraph (c), and

c

after paragraph (d) insert

, or

e

Schedule 4 to the Finance Act 2016 (where the member relies on fixed protection 2016 or individual protection 2016).

4

In the heading of the entry, for the words after “Benefit crystallisation events and” substitute “ non-standard lifetime allowances ”.