Version Superseded: 19/07/2011
Point in time view as at 19/07/2007.
Finance Act 2007, Paragraph 11 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
11U.K.In paragraph 11 of Schedule 28 (member's alternatively secured pension fund), insert at the end—
“(6)Sub-paragraph (7) applies if—
(a)at the time when the member reaches the age of 75, the scheme administrator has been unable to ascertain the member's whereabouts after having taken all reasonable steps to do so, and
(b)paragraph 8(2) applies in relation to the member and the arrangement and none of the sums or assets held for the purposes of the arrangement are member-designated funds immediately before it applies.
(7)In that case the references in sub-paragraphs (2) and (3) to the time when the member reached the age of 75 are to be read as referring to the end of the period of six months beginning with any later date on which the member's whereabouts are subsequently ascertained by the scheme administrator.”
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