SCHEDULE 11 Personal pensions: income withdrawals
Conditions of approval: benefits that may be provided
3
(1)
Section 633(1) (conditions of approval: benefits that may be provided) is amended as follows.
(2)
In paragraph (a)
(annuity to member) after “section 634” insert “
or income withdrawals with respect to which the conditions in section 634A are satisfied
”
.
(3)
In paragraph (c)
(annuity after death of member) after “section 636” insert “
or income withdrawals with respect to which the conditions in section 636A are satisfied
”
.
(4)
In paragraph (d)
(lump sum on death of member) for the words from “either” to the end substitute “
the conditions in section 637 (death benefit);
”
.
(5)
“(e)
the payment on or after the death of a member of a lump sum satisfying the conditions in section 637A (return of contributions).”.