| [s221] |
An individual who has an arrangement under a
registered pension scheme has to be a
relevant overseas individual during any part of an
active membership period to qualify for a
non-residence
lifetime allowance enhancement.
The individual's lifetime allowance will be enhanced by a
factor that is called a non-residence factor. That is calculated by
dividing the amount of contributions to, or accrual under, the
individual's pension
arrangement during that part-period by the
standard lifetime allowance for the tax year in
which that part-period ends.
RPSM13100130 sets out what is an
active membership period.
RPSM13100140 and
RPSM13100150 set out who is and who
is not a relevant overseas individual.
It is possible to be a relevant overseas individual during
more than one part of an active membership period relating to the
same pension arrangement. For example, an individual could work
overseas for 5 years, return to the UK for a year and then work
overseas for another 5 years. That individual's lifetime allowance
will be enhanced by the aggregate of the non- residence factors
calculated separately for each of those part-periods under that
arrangement.
RPSM13100240 to
RPSM13100310 explain how the
non-residence factor is calculated for each type of pension
arrangement.
| Glossary ( RPSM20000000) |
