Finance (No. 3) Act 2010

Part 4 U.K. Miscellaneous provisions

30 Pension scheme under section 67 of Pensions Act 2008 U.K.

(1) A pension scheme established under section 67 of the Pensions Act 2008 is to be regarded as an occupational pension scheme for the purposes of Part 4 of FA 2004.

(2) In section 67 of the Pensions Act 2008 (duty to establish pension scheme) —

(a) omit subsection (3), and

(b) in subsection (4), for “that Chapter” substitute “ Chapter 2 of Part 4 of the Finance Act 2004 ”.

31 Asbestos compensation settlements U.K.

Schedule 14 contains provision about the taxation of settlements the purpose of which is to make compensation payments to or in respect of individuals affected by an asbestos-related condition.