Finance Act 2007 (c. 11)

SCHEDULES

SCHEDULE 19 U.K. Alternatively secured pensions and transfer lump sum death benefit etc

Alternatively secured pension: guaranteed pension and maximum U.K.

2 (1) In section 165(1) (pension rules) is amended as follows. U.K.

(2) In pension rule 2 (guaranteed pensions)—

(a) for “, an annuity or alternatively secured pension” substitute “ or an annuity ”, and

(b) for “, annuity or alternatively secured pension” substitute “ or annuity ”.

(3) In pension rule 7 (maximum alternatively secured pension), for “70%” substitute “ 90% ”.

3 U.K. In paragraph 12 of Schedule 28 (pension rules: alternatively secured pension year), omit sub-paragraphs (3) and (4) (guaranteed pensions).