SCHEDULES

SCHEDULE 13 Occupational and personal pension schemes

Part I Amendments of the Taxes Act 1988

Exception of certain life policies from chargeable events legislation

2

(1)

Amend section 539 as follows.

(2)

In subsection (2) (exception for certain policies of life insurance) at the end of paragraph (c) insert“; or

(d)

to any policy of life insurance held in connection with a personal pension scheme, within the meaning of Chapter IV of Part XIV, for the time being approved under that Chapter”.

(3)

This paragraph has effect for the year 2000-01 and subsequent years of assessment.