SCHEDULES

SCHEDULE 5 Scottish Parliament and devolved assemblies: exemptions and reliefs

Trustees’ income from parliamentary pension funds

4

In section 613(4) of the Taxes Act 1988 (Parliamentary pension funds: exemption from tax on income derived from funds), after paragraph (b) insert—

bb

any fund maintained for the purposes of a pension scheme—

i

established for members of the Scottish Parliament under section 81(4) of the Scotland Act 1998,

ii

established for members of the Welsh Assembly under section 18(2) of the Government of Wales Act 1998, or

iii

established for members of the Northern Ireland Assembly under section 48(2) of the Northern Ireland Act 1998;

and in the closing words for “Funds” (twice) substitute “ funds ”.