There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Taxation of Pension Schemes (Transitional Provisions) Order 2006. Any changes that have already been made by the team appear in the content and are referenced with annotations.
8.—(1) The 2004 Act is modified as follows.
(2) In section 168(1) (lump sum death benefit rule) after paragraph (i) insert—
“(j)a life cover lump sum.”.
(3) In Part 2 of Schedule 29 (registered pension schemes: supplementary provisions about lump sums) after paragraph 21 insert—
21A. For the purposes of this Part a lump sum death benefit is a life cover lump sum if—
(a)the member had reached the age of 75 before he died;
(b)payment of the sum would not have prejudiced approval of the scheme for the purposes of Chapter 1 of Part 14 of ICTA if it had been made on 5th April 2006.”.
Commencement Information
I1Art. 8 in force at 6.4.2006, see art. 1(1)
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