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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Tax treatment of authorised lump sums

  • Section 637A Pension commencement lump sums
  • Section 637B Pension commencement excess lump sums
  • Section 637C Serious ill-health lump sums
  • Section 637D Uncrystallised funds pension lump sums
  • Section 637E Short service refund lump sum
  • Section 637F Refund of excess contributions lump sums
  • Section 637G Trivial commutation lump sums and winding-up lump sums
  1. Tax treatment of authorised lump sums
  2. Pension commencement excess lump sums

Section 637B | Pension commencement excess lump sums

From legislation.gov.uk

A person to whom a pension commencement excess lump sum is paid under a registered pension scheme is treated as having taxable pension income for the tax year in which the payment is made equal to the amount of the lump sum.F1

Notes

  1. F1

    Pt. 9 Ch. 15A substituted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 41, 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4; and (18.11.2024 for the tax year 2024-25 and subsequent tax years) by S.I. 2024/1012, regs. 1(2)(3), 17)

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