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)
“(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.”