Finance Act 2007 (c. 11)

SCHEDULES

SCHEDULE 19 U.K. Alternatively secured pensions and transfer lump sum death benefit etc

Abolition of transfer lump sum death benefit U.K.

5 U.K. In section 168(1) (lump sum death benefit rule), omit paragraph (g) (transfer lump sum death benefit).

6 U.K. Omit section 172B(5)(a) (reduction for transfer lump sum death benefit).

7 U.K. In section 188(5) (amounts not to be treated as contributions), omit paragraph (b) and the word “and” before it.

8 U.K. In section 280(2) (index), omit the entry relating to transfer lump sum death benefit.

9 U.K. In Schedule 29, omit paragraph 19 (transfer lump sum death benefit).

10 U.K. In paragraph 17A of Schedule 36 (“enhanced protection”)—

(a) in sub-paragraph (1), insert “ or ” after paragraph (a) and omit paragraph (c) and the word “or” before it, and

(b) in sub-paragraph (2), omit “, or to a transfer lump sum death benefit being paid,”.