Modifications etc. (not altering text)
C1Sch. 28 modified (6.4.2006) by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (S.I. 2006/207), regs. 1(1), 14
22(1)For the purposes of this Part a dependant’s unsecured pension fund in respect of an arrangement consists of such of the sums and assets held for the purposes of the arrangement—U.K.
[F1(a)as are dependant-designated funds, and
(b)have not been applied towards the provision of a dependants' scheme pension.]
[F2(2)For the purposes of this Part sums or assets held for the purposes of an arrangement are dependant-designated funds if they—
(a)have been designated at any time under the arrangement as available for the payment of dependant's unsecured pension to the dependant, or
(b)arise, or (directly or indirectly) derive, from sums or assets which have been so designated or which so arise or derive.
(3)If any sums or assets representing a dependant's unsecured pension fund in respect of an arrangement under the pension scheme would (apart from this sub-paragraph)—
(a)come to be taken to represent another dependant's unsecured pension fund of his under the pension scheme, or an unsecured pension fund of his under the pension scheme, or
(b)are applied towards the provision of a scheme pension or a lifetime annuity,
they are to be treated as not doing so.]
Textual Amendments
F1Sch. 28 para. 22(1)(a)(b) substituted (6.4.2006) by Finance Act 2005 (c. 7), Sch. 10 paras. 21(2), 64(1)
F2Sch. 28 para. 22(2)(3) inserted (6.4.2006) by Finance Act 2005 (c. 7), Sch. 10 paras. 21(3), 64(1)
Modifications etc. (not altering text)
C2Sch. 28 para. 22 modified (6.4.2006) by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), arts. 1(1), 30(1)-(3)