Commentary on Sections Overview Overview Section 256: Treatment of post-cessation receipts
1021.This section treats most post-cessation receipts as earned income and relevant UK earnings. It is based on section 107 of ICTA. See Change 64 in Annex 1.
1022.FA 2004 made significant changes to the taxation of pension schemes. The changes take effect from 6 April 2006.
1023.This Act deals with this by including the new rules in section 256 of this Act. The commencement issue is then dealt with as a transitional measure in paragraph 60 of Schedule 2 to this Act. The old rules apply until 5 April 2006.