PART 2Modifications of Part 4 of the Finance Act 2004
CHAPTER 5Individual protection 2016
Election for new scheme benefits under Chapter 1 scheme taken into accountI137
1
An election under section 6 or 10 of PSPJOA 2022 (election for new scheme benefits under Chapter 1 legacy scheme) is to be treated for the purposes of determining an individual’s relevant amount under Part 2 of Schedule 4 to FA 2016 (individual protection 2016)50 as having taken effect on 5 April 2016.
2
Section 7(1)(b) and section 11(3)(b) and (4) of PSPJOA 2022 (time at which elections take effect) are subject to paragraph (1).