Finance Act 1976

3 (1) In section 19(1) for the words " if the claimant " to the end there shall be substituted the words " an individual who pays any such premium as is specified in subsection (2) below shall (without making any claim) be entitled to relief under this section, and Schedule 4 to the Finance Act 1976 shall apply with respect to that relief. "

(2) In section 19(2)—

(a) for the words from " by the claimant" to " (ii) with under writers " there shall be substituted the words " by an individual under a policy of insurance or contract for a deferred annuity, where—

(a) the payments are made to—

(i) any insurance company legally established in the United Kingdom or any branch in the United Kingdom of an insurance company lawfully carrying on in the United Kingdom life assurance business (as denned in section 323(2) of this Act); or

(ii) underwriters; "

(b) in sub-paragraphs (iii) and (iv) of paragraph (a) the word " with " shall be omitted ;

(c) in paragraph (b) for the word " claimant" there shall be substituted the word " individual "; and

(d) at the end of paragraph (c) there shall be added the words " or his spouse ".