SCHEDULES

SCHEDULE 10Pension schemes etc.

Lifetime annuities and dependants' annuities purchased together

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1

Paragraph 17 of Schedule 28 (dependants' annuity) is amended as follows.

2

In sub-paragraph (1) (meaning of “dependants' annuity”), before paragraph (a) insert—

za

it is purchased either together with a lifetime annuity payable to the member or after the member's death,

3

After that sub-paragraph insert—

1A

For the purposes of sub-paragraph (1)(za) a dependants' annuity is purchased together with a lifetime annuity if the dependant's annuity is related to the lifetime annuity.