Pension rules applying at age 77 instead of age 75
This section has no associated Explanatory Notes
3(1)In paragraphs 6 and 20 of Schedule 28 to FA 2004 (short-term annuities), sub-paragraph (1) has effect in relation to an annuity to which this paragraph applies as if the reference in paragraph (d) of that sub-paragraph to the age of 75 were a reference to the age of 77.
(2)This paragraph applies to an annuity that—
(a)is purchased on or after 22 June 2010, and
(b)is payable to a person to whom this Schedule applies.