SCHEDULES
SCHEDULE 28Inheritance of tax-relieved pension savings
Amendments of Part 4 of FA 2004
2
1
Section 172 (assignment) is amended as follows.
2
In subsection (3)—
a
in paragraph (a), for “an actual or” substitute “
a
”
, and
b
in paragraph (b), for “the member” substitute “
a member of the pension scheme
”
.
3
After subsection (6) insert—
6A
References in this section to a benefit to which the member or a person has an entitlement under the pension scheme includes rights to payments under—
a
a scheme pension or dependants' scheme pension provided by the scheme administrator or as a result of the application of sums or assets held for the purposes of the pension scheme, or
b
a lifetime annuity or dependants' annuity purchased by the application of sums or assets held for the purposes of the pension scheme.