25(1)Schedule 32 (benefit crystallisation events: supplementary) is amended as follows.U.K.
(2)In paragraph 3(1) (benefit crystallisation events 1, 2 and 4: prevention of overlap), for “surrender” substitute “ application ”.
(3)In paragraph 5(2) (benefit crystallisation events 1 and 5: hybrid arrangements), for “the sums or assets held for the purposes of the arrangement are to be treated as having been designated” substitute “ , under paragraph 8(2) of Schedule 28, any relevant uncrystallised funds are to be treated as having been designated under the arrangement ”.
Commencement Information
I1Sch. 10 para. 25 in force at 6.4.2006, see Sch. 10 para. 64(1)