Finance Act 2004 (c. 12)

SCHEDULES

SCHEDULE 28 Registered pension schemes: authorised pensions—supplementary

Part 2 Pension death benefit rules

Money purchase arrangements

Dependant’s unsecured pension fund

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—

(a) as have at any time been designated under the arrangement as available for the payment of dependants' unsecured pension to the dependant, and

(b) have not been applied for purchasing a dependants' scheme pension, a dependants' annuity or a dependants' short-term annuity or paid as dependants' income withdrawal.