SCHEDULES
C1SCHEDULE 36Pension schemes etc: transitional provisions and savings
Annotations:
Modifications etc. (not altering text)
Part 4Other provisions
Pre-commencement ill-health insurance contracts
37
1
Payments under protected ill-health insurance contracts are not unauthorised member payments.
2
Ill-health insurance contracts are contracts providing insurance against a risk relating to non-payment by a member of a pension scheme of contributions under the pension scheme.
3
An ill-health insurance contract is protected if it was made before 6th April 2006 under—
a
a personal pension scheme approved under Chapter 4 of Part 14 of ICTA before 6th April 2001, or
b
an annuity contract or trust scheme approved under section 620 or 621 of ICTA or a substituted contract within the meaning of section 622(3) of ICTA.
Sch. 36 modified by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), art. 23D (as inserted (1.6.2009) by S.I. 2009/1172, arts. 1, 3)