Examples of Taxation of Pensions Act in a sentence
The group life insurance premium is covered by the provisions of Part II of the Danish Taxation of Pensions Act.
In accordance with its duty under section 75 of the Northern Ireland Act 1998, the Department has conducted a screening exercise on these legislative proposals and, as they are in consequence of provisions in the 2015 Act which support the pension flexibilities introduced by the Taxation of Pensions Act 2014 and are technical in nature, they would have little implication for any of the section 75 categories.
The Taxation of Pensions Act 2014 gives savers greater flexibility in how they access their money purchase pension pots from 6th April 2015.
The figure of £18,000 was replaced by £30,000 in respect of trivial commutation lump sum death benefits paid on or after 6th April 2015 - see paragraphs 74(4) and 74(6) of Part 5 of Schedule 1 to the Taxation of Pensions Act 2014.
As they are in consequence of provisions in the 2015 Act which support the pension flexibilities introduced by the Taxation of Pensions Act 2014 and are technical in nature, they would have little implication for any of the section 75 categories.
The right to trivially commute defined contribution benefits (including AVCs) was removed in respect of commutation periods beginning on or after 6th April 2015 and irrespective of whether the nominated date was before, on or after 6th April 2015 – see paragraphs 71(1)(a) and 71(2) of Part 5 of Schedule 1 to the Taxation of Pensions Act 2014.
We will value the Assets you have set aside for Flexi-access drawdown as and when required by the Scheme Rules, the Finance Act and the Taxation of Pensions Act and advise you of the maximum amount of income which can be taken.
Allowed decreases is defined in paragraph 17(6) of Schedule 28, which was inserted by paragraph [49(2)] of Schedule 1 to the Taxation of Pensions Act [2014].
Paragraphs 3(2C), 6(1C), 17(4) and 20(1C) were amended by paragraphs [44(1), 46(1), 49(1) and 51(1)] of Schedule 1 to the Taxation of Pensions Act [2014] (c.
The Taxation of Pensions Act 2014 made a number of changes to the Finance Act 2004 to allow individuals with money purchase pension savings to flexibly access those savings from age 55.