Finance Act 2007 (c. 11)

SCHEDULES

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

Alternatively secured pension: guaranteed pension and maximum

2 (1) In section 165(1) (pension rules) is amended as follows.

(2) In pension rule 2 (guaranteed pensions)—

(a) for “, an annuity or alternatively secured pension” substitute “or an annuity”, and

(b) for “, annuity or alternatively secured pension” substitute “or annuity”.

(3) In pension rule 7 (maximum alternatively secured pension), for “70%” substitute “90%”.