Periods ending before rights are first flexibly accessed

Where a pension input period for a money purchase (or cash balance) arrangement, ending in the tax year, ends before the individual first flexibly accesses pension rights, the money-purchase input sub-total is to be treated as nil and the actual input amount is to be included in the defined-benefits input sub-total (see ¶386-010) (FA 2004, s. 227E) (In consequence of the F(No. 2)A 2015 legislation that aligns pension input periods with tax years (see ¶386-250), this provision is repealed from 9 July 2015).

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