Qualifying arrangementsE+W+S
6(1)The following are qualifying arrangements for the purposes of this Schedule—
(a)an occupational pension scheme,
(b)a personal pension scheme,
(c)an appropriate annuity contract,
(d)an appropriate policy of insurance, and
(e)an overseas arrangement within the meaning of the M1Contracting-out (Transfer and Transfer Payment) Regulations 1996.
(2)An annuity contract or policy of insurance is appropriate for the purposes of sub-paragraph (1) if, at the time it is entered into or taken out, the insurance company with which it is entered into or taken out—
(a)is carrying on ordinary long-term insurance business in the United Kingdom or any other member State, and
(b)satisfies such requirements as the Secretary of State may prescribe by regulations.
(3)In this paragraph, “ordinary long-term insurance business” has the same meaning as in the M2Insurance Companies Act 1982.
Commencement Information
I1Sch. 5 para. 6 wholly in force at 1.12.2000; Sch. 5 para. 6 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 5 para. 6 in force at 1.12.2000 insofar as not already in force by S.I. 2000/1047, art. 2(2)(d), Sch. Pt. IV
Marginal Citations