SCHEDULES

C1SCHEDULE 28Registered pension schemes: authorised pensions—supplementary

Annotations:
Modifications etc. (not altering text)

C1Part 2Pension death benefit rules

Money purchase arrangements

Alternatively secured pension year and basis amount for alternatively secured pension year

26

1

“Alternatively secured pension year” means—

a

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

b

each succeeding period of 12 months.

2

When the dependant dies, the current alternatively secured pension year is the last alternatively secured pension year and ends immediately before the dependant’s death.