56(1)This paragraph applies in relation to a fund or scheme—U.K.
(a)which is not a registered pension scheme [F1, a qualifying non-UK pension scheme] or a superannuation fund to which section 615(3) of ICTA applies, but
(b)to which section 151 of the Inheritance Tax Act 1984 (c. 51) (treatment of pension rights) applied immediately before 6th April 2006.
(2)If no contributions are made under the fund or scheme on or after that date—
(a)section 151 of the Inheritance Tax Act 1984 continues to apply to the fund or scheme on and after that date for all purposes of that Act, and
(b)property which is part of or held for the purposes of the fund or scheme does not constitute relevant property for the purposes of Chapter 3 of Part 3 of that Act (settlements without interest in possession).
(3)In any other case, paragraphs 57 and 58 apply to the fund or scheme on and after that date.
[F2(4)In this paragraph “qualifying non-UK pension scheme” has the same meaning as in the Inheritance Tax Act 1984 (see section 271A of that Act).]
Textual Amendments
F1Words in Sch. 36 para. 56(1)(a) inserted (retrospective to 6.4.2006) by Finance Act 2008 (c. 9), Sch. 29 para. 18(7)(a)(8)
F2Sch. 36 para. 56(4) inserted (retrospective to 6.4.2006) by Finance Act 2008 (c. 9), Sch. 29 para. 18(7)(b)(8)