Related Commentary  

227ZA(1)  The chargeable amount is the alternative chargeable amount (see section 227B) if–

(a)the year is–

(i)the tax year in which the individual first flexibly accesses pension rights (see section 227G), or

(ii)a tax year later than that tax year,

(b)the money-purchase input sub-total (see section 227C) exceeds £4,000, and

(c)the alternative chargeable amount exceeds the default chargeable amount.

227ZA(2)  Otherwise, the chargeable amount is the default chargeable amount.

227ZA(3)  The default chargeable amount is the amount (if any) by which–

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.