SCHEDULES

SCHEDULE 1 U.K. Abolition of starting and savings rates and creation of starting rate for savings

Part 2 U.K. Other amendments

ITTOIA 2005 U.K.

54 (1) Section 530 (gains from contracts for life insurance etc: income tax treated as paid) is amended as follows. U.K.

(2) In subsection (1), for “savings rate” substitute “ basic rate ”.

(3) Omit subsection (6).