SCHEDULES

C2SCHEDULE 28Registered pension schemes: authorised pensions—supplementary

Annotations:
Modifications etc. (not altering text)

C2Part 2Pension death benefit rules

Money purchase arrangements

Unsecured pension year and basis amount for unsecured pension year

23

C11

“Unsecured pension year” means—

a

the period of 12 months beginning with the day on which the dependant first becomes entitled to dependants' unsecured pension in respect of the arrangement, and

b

each succeeding period of 12 months.

C32

But when the dependant reaches the age of 75 or dies before reaching that age, the current unsecured pension year is the last unsecured pension year and ends immediately before the dependant’s death or 75th birthday.