s 2 Restriction and reduction of tax charges on certain lump sums
(1) Chapter 5 of Part 4 of FA 2004 (registered pension schemes: tax charges) is amended as follows. (2) In section 206(1) (special lump sum death benefits charge arises where certain lump sums are paid by a registered pension scheme) after “registered pension scheme” insert “ in respect of a member who had reached the age of 75 at the date of the member's death ” . (3) In section 206(4) (special lump sum death benefits charge: rate of charge) for “55%” substitute “ 45% ” . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) The amendments made by this section apply to lump sums paid on or after 6 April 2015.