Exception of certain life policies from chargeable events legislationU.K.
2(1)Amend section 539 as follows.U.K.
(2)In subsection (2) (exception for certain policies of life insurance) at the end of paragraph (c) insert “; or
(d)to any policy of life insurance held in connection with a personal pension scheme, within the meaning of Chapter IV of Part XIV, for the time being approved under that Chapter”.
(3)This paragraph has effect for the year 2000-01 and subsequent years of assessment.