SCHEDULES

SCHEDULE 31Taxation of benefits under registered pension schemes

8(1)Section 610 (annuities under sponsored superannuation schemes) is amended as follows.

(2)In subsection (1)—

(a)in paragraph (a), for “a sponsored superannuation scheme” substitute “an occupational pension scheme that is not a registered pension scheme”, and

(b)in paragraph (b), for “a sponsored superannuation scheme” substitute “such an occupational pension scheme”.

(3)In subsection (3), for “any provision of Chapter 6, 7, 8 or 9” substitute “Chapter 5A”.

(4)For subsection (4) substitute—

(4)In this section “occupational pension scheme” has the same meaning as in Part 4 of FA 2004 (see section 150(5) of that Act).

(5)In the heading, for “sponsored superannuation” substitute “non-registered occupational pension”.