Section 227B | The alternative chargeable amount

(1)The alternative chargeable amount is the total of—

(a)the amount (if any) by which the defined-benefit input sub-total exceeds the alternative annual allowance, and

(b)the amount by which the money-purchase input sub-total exceeds £10,000.

(2)The alternative annual allowance is—

(3)The defined-benefit input sub-total is the total of—

(a)the pension input amounts in respect of each defined benefits arrangement relating to the individual under a registered pension scheme of which the individual is a member (see section 229(2)(c)),

(b)the pension input amounts in respect of each hybrid arrangement—

(i)relating to the individual under a registered pension scheme of which the individual is a member, and

(ii)in respect of which the pension input amount is input amount C mentioned in section 237, and

(c)any amounts required to be included by section ... 227F(4) or (6) (pension input periods that end in the year and contain the day on which rights are first flexibly accessed ...).

(4)Subsection (3)(b) is subject to section 227D (pension input amounts for certain hybrid arrangements).

(5)If, in the case of a hybrid arrangement, input amount C mentioned in section 237—

(a)is a relevant input amount for the purposes of section 237, and

(b)is equal to—

(i)input amount A , AA or B mentioned in section 237 if that is the only other relevant input amount for the purposes of section 237, or

(ii)the greater or greatest of input amounts A , AA and B mentioned in section 237 if at least two of those amounts are relevant input amounts for the purposes of section 237,

the pension input amount in respect of the arrangement is, for the purposes of subsection (3)(b) and sections 227C(1)(b) and 227D(1)(c), treated as being input amount A , AA or B or, as the case may be, the greater or greatest of input amounts A , AA and B (and, in either case, not input amount C).