These are sums paid to a member which were intended to be pension commencement lump sums (see ¶378-500) in connection with a pension to which it was expected that the member would become entitled and it was paid before that entitlement arose:
•on or after 19 September 2013 but before 27 March 2014; or:
•before 19 September 2013 and a contract for a lifetime annuity was entered into to provide that expected pension which is then cancelled on or after 19 March 2014,
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.