Finance Act 2011, Paragraph 37 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
37(1)Paragraph 17 (unsecured pension fund lump sum death benefit) is amended as follows.U.K.
(2)For sub-paragraph (1) substitute—
“(1)For the purposes of this Part a lump sum death benefit is a drawdown pension fund lump sum death benefit if—
(a)it is paid in respect of income withdrawal to which the member was entitled under an arrangement at the date of the member's death, and
(b)it is not a charity lump sum death benefit.”
(3)In sub-paragraph (2)—
(a)for “an unsecured pension fund lump sum death benefit” substitute “ a drawdown pension fund lump sum death benefit ”;
(b)omit paragraph (b);
(c)at the end of paragraph (c) insert “, and
(d)it is not a charity lump sum death benefit.”
(4)In sub-paragraph (3), for “an unsecured pension fund lump sum death benefit” substitute “ a drawdown pension fund lump sum death benefit ”.
(5)In sub-paragraph (4), for “unsecured pension fund” substitute “ drawdown pension fund ”.
(6)The heading before paragraph 17 becomes “ Drawdown pension fund lump sum death benefit ”.
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