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Legislation
Finance Act 2004

Crossheading Annual allowance charge

  • Section 227 Annual allowance charge
  • Section 227ZA The chargeable amount
  • Section 227A Individuals who meet flexible drawdown conditions
  • Section 227B The alternative chargeable amount
  • Section 227C Meaning of “money-purchase input sub-total”
  • Section 227D Pension input amounts in respect of certain hybrid arrangements
  • Section 227E Pension input periods ending before rights are first flexibly accessed
  • Section 227F Pension input periods in which rights are first flexibly accessed
  • Section 227G When pension rights are first flexibly accessed
  • Section 228 Annual allowance
  • Section 228ZA Tapered reduction of annual allowance: high-income individual
  • Section 228ZB Anti-avoidance in connection with section 228ZA
  • Section 228A Carry forward of unused annual allowance
  • Section 228B Carry forward: certain periods treated as pension input periods
  • Section 228C Annual allowance for, and carry-forward from, 2015-16
  • Section 229 Total pension input amount
  • Section 230 Cash balance arrangements
  • Section 231 Cash balance arrangements: uprating of opening value
  • Section 232 Cash balance arrangements: adjustments of closing value
  • Section 233 Other money purchase arrangements
  • Section 234 Defined benefits arrangements
  • Section 235 Defined benefits arrangements: uprating of opening value
  • Section 236 Defined benefits arrangements: adjustments of closing value
  • Section 236ZA Defined benefits arrangements: public service pension schemes
  • Section 236A Post-entitlement enhancements
  • Section 237 Hybrid arrangements
  • Section 237ZA Pension input amounts for input periods ending in 2015-16
  • Section 237A Liability of individual
  • Section 237B Liability of scheme administrator
  • Section 237BA Time limit for notices under section 237B
  • Section 237C Exceptions
  • Section 237D Discharge of scheme administrator's liability
  • Section 237E Consequential benefit adjustments to be reasonable etc
  • Section 237F Power to modify rules
  • Section 238 Pension input period : arrangement commencing before 9 July 2015
  • Section 238ZA Pension input periods from 9 July 2015 for existing arrangement
  • Section 238ZB Pension input periods for arrangement commencing after 8 July 2015
  • Section 238A Power to make orders about charge
  1. Annual allowance charge
  2. Cash balance arrangements: uprating of opening value

Section 231 | Cash balance arrangements: uprating of opening value

From legislation.gov.uk

(1)This section applies for adjusting the opening value of the individual’s rights as calculated under section 230(4).

(2)The opening value is to be increased by the appropriate percentage.

(3)The appropriate percentage is the percentage (if any) by which the consumer prices index for the September before the start of the tax year is higher than it was for the previous September.

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