Section 637 — Income Tax (Earnings and Pensions) Act 2003: Introduction

Introduction 637 1 This Chapter makes provision about the income tax treatment of authorised lump sums and authorised lump sum death benefits.

2 In this Chapter—

a “ authorised lump sum ” means a lump sum permitted by the lump sum rule in section 166 of FA 2004 to be paid by a registered pension scheme to a member of the scheme;

b “ authorised lump sum death benefit ” means a lump sum death benefit permitted by the lump sum death benefit rule in section 168 of that Act to be paid by a registered pension scheme in respect of a member of the scheme.

3 Expressions used in this Chapter and Part 4 of FA 2004 (pensions etc) have the same meaning in this Chapter as in that Part.