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Taxation of Pensions Act 2014
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40U.K.In paragraph 20 (definition of dependants' short-term annuity) after sub-paragraph (1) insert—
“(1ZA)For the purposes of this Part, but subject to any provision made under sub-paragraph (1C)(za), an annuity payable to a dependant is also a dependants' short-term annuity if—
(a)it is purchased by the application of sums or assets representing the whole or any part of the dependant's drawdown pension fund, or of the dependant's flexi-access drawdown fund, in respect of an arrangement,
(b)it is payable by an insurance company,
(c)the dependant becomes entitled to it on or after 6 April 2015, and
(d)it is payable for a term which does not exceed five years and ends before the dependant dies.”
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