Part 6Savings and investment income: insurance contracts and policies made before certain dates
Pre-14th March 1984 policies: disregard of amounts deducted and repaid after tax relief by deduction from premiums abolished
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In the case of a policy issued in respect of an insurance made before 14th March 1984, any amount treated under section 72(9) of FA 1984 as an additional premium is to be ignored for the purposes of—
(a)
calculating the total allowable deductions for the policy under section 494(1), and
(b)
the definition of “allowable payment” in section 507(6).