Related Commentary  Related HMRC Manuals

554W(1)  This section applies if–

(a)a relevant benefit is provided under a relevant scheme by way of a payment of a lump sum wholly out of rights which A has under the scheme,

(b)A's rights out of which the lump sum is paid are, wholly or partly, pre-6 April 2011 lump sum rights, and

(c)the payment of the lump sum is a relevant step within section 554C.

554W(2)  Chapter 2 does not apply by reason of the relevant step.

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