SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Income Tax (Earnings and Pensions) Act 2003 (c. 1)

439

1

Amend section 515 (tax advantages and charges relating to SIPs) as follows.

2

In subsection (1)—

a

for “provisions of ICTA relate” substitute “ provision of ICTA relates ”, and

b

omit paragraph (b) and the “and” immediately after it.

3

In subsection (2)—

a

omit the “and” immediately after paragraph (b), and

b

after paragraph (c) insert

, and

d

Chapter 5 of Part 9 of ITA 2007 (which provides for section 479 of that Act not to apply to income of the trustees of an approved SIP in certain circumstances)

4

Omit subsection (3).