Part 9Pension income

Chapter 7Former approved superannuation funds

Interpretation

594Meaning of “former approved superannuation fund”

1

In this Chapter “former approved superannuation fund” means any fund which immediately before 6th April 1980 was an approved superannuation fund for the purposes of section 208 of ICTA 1970.

2

But a fund is not a former approved superannuation fund if any of the following things has happened since 5th April 1980—

a

the fund has been approved by the Board of Inland Revenue for the purposes of Chapter 2 of Part 2 of FA 1970,

b

the fund has been approved by the Board for the purposes of Chapter 1 of Part 14 of ICTA, or

c

any sum has been paid to the fund by way of contribution.