Schedule 17 - Annual allowance charge

Finance (No. 3) Bill – in a Public Bill Committee at 6:15 pm on 7th June 2011.

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Amendments made: 129, in schedule 17, page 277, line 23, leave out from ‘adjustment’ to end of line 25 and insert

‘is reflected in the closing amount the amount of the adjustment is to be added to the closing amount.

‘(8D) But no amount is to be added under subsection (8C) by reason of an adjustment made in consequence of the scheme administrator satisfying a liability under section 237B in a case where subsection (6) of that section applied.”’.

Amendment 130, in schedule 17, page 280, line 2, after ‘reduction’ insert

‘(to the extent that it is not reflected in an amount added under subsection (8A))’.

Amendment 131, in schedule 17, page 280, line 16, leave out from ‘event 2,’ to end of line 17 and insert

‘the annual rate of the pension to which the individual became entitled,’.

Amendment 132, in schedule 17, page 280, line 27, leave out from ‘adjustment’ to end of line 28 and insert

‘is reflected in PE or LSE the amount of the adjustment is to be added to PE or LSE.

‘(8D) But no amount is to be added under subsection (8C) by reason of an adjustment made in consequence of the scheme administrator satisfying a liability under section 237B in a case where subsection (6) of that section applied.”’.

Amendment 133, in schedule 17, page 285, line 3 leave out ‘the day before’.—(Mr Hoban.)

Schedule 17, as amended, agreed to.