Relevant lump sums

Section 574A ITEPA 2003

Schedule 3 Part 3 Finance Act 2017

From 6 April 2017, section 574A ITEPA 2003 extends the charge to tax on foreign pension income under section 573 to include ‘relevant lump sums’ paid to, or in respect of, a member under a pension scheme which is not:

a registered pension scheme

a relevant non-UK scheme, or

an employer-financed retirement benefits scheme (EFRBS) established in the UK

The term ‘pension scheme’ has the same meaning as in section 150(1) FA 2004 (see PTM021000).

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