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Finance Act 2015

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7U.K.In Schedule 32 (supplementary provisions about benefit crystallisation events)—

(a)in paragraph 1 (meaning of “the relevant pension schemes”: in certain cases means schemes of which the individual was a member immediately before death) after “5C” insert “ or 5D ”,

(b)in paragraph 4(1) (further provision about benefit crystallisation event 4) for the words from “if” to “purchased” substitute if—

(a)the lifetime annuity or a related dependants' annuity or a related nominees' annuity is, or

(b)the lifetime annuity and a related dependants' annuity are, or

(c)the lifetime annuity and a related nominees' annuity are, or

(d)a related dependants' annuity and a related nominees' annuity are, or

(e)the lifetime annuity and a related dependants' annuity and a related nominees' annuity are,

purchased ,

(c)in paragraph 14B (event 5C: meaning of “relevant two-year period”), and in the italic heading before that paragraph, for “event 5C” substitute “ events 5C and 5D ”, and

(d)in paragraph 14C(1) (event 5C: meaning of “relevant unused uncrystallised funds”), and in the italic heading before paragraph 14C, for “event 5C” substitute “ events 5C and 5D ”.

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