Finance Act 2005 (c. 7)

SCHEDULES

SCHEDULE 10 U.K. Pension schemes etc.

Unsecured pension funds and alternatively secured pension funds U.K.

22 (1) Paragraph 24 of Schedule 28 (“unsecured pension years” etc.) is amended as follows. U.K.

(2) In sub-paragraph (4) (“basis amount”)—

(a) in paragraph (a), for “or recent additional fund designation” substitute “ , recent additional fund designation or recent pension sharing event ”, and

(b) in paragraph (b), for “or additional fund designation” substitute “ , additional fund designation or pension sharing event ”.

(3) After sub-paragraph (8) insert—

“(8A) “Pension sharing event” means the coming into operation of a pension sharing order or provision relating to the sums and assets representing the dependant's unsecured pension fund.”

(4) In sub-paragraph (9) (“recent”), for “or additional fund designation” substitute “ , additional fund designation or pension sharing event ”.

Commencement Information

I1 Sch. 10 para. 22 in force at 6.4.2006, see Sch. 10 para. 64(1)