SCHEDULES

SCHEDULE 28Registered pension schemes: authorised pensions—supplementary

Part 2Pension death benefit rules

Money purchase arrangements

Drawdown pension year and basis amount for drawdown pension year

23

(1)

F1“Drawdown pension year” means—

(a)

the period of 12 months beginning with the day on which the dependant first becomes entitled to F2dependants' drawdown pension in respect of the arrangement, and

(b)

each succeeding period of 12 months.

F3This is subject to paragraph 24B.

F4(2)

The drawdown pension year in which the dependant dies is the last drawdown pension year and ends immediately before the dependant's death.