SCHEDULES

SCHEDULE 1Abolition of starting and savings rates and creation of starting rate for savings

Part 2Other amendments

ITTOIA 2005

58

In section 539(5) (gains from contracts for life insurance etc: relief for deficiencies)—

a

omit Step 2,

b

in Step 3, for “2” substitute “ 1 ” and omit “other”, and

c

in Step 5, omit the sentence relating to Step 2.