Finance Act 2011 (c. 11)

SCHEDULES

SCHEDULE 16 U.K. Benefits under pension schemes

Part 1 U.K. Changes to benefits available under pension schemes etc

Drawdown pension year and basis amount for drawdown pension year U.K.

17 (1) In Part 2 of Schedule 28 to FA 2004, paragraph 23 (unsecured pension year) is amended as follows. U.K.

(2) In sub-paragraph (1)—

(a) for “ “Unsecured pension year”” substitute “ “Drawdown pension year” ”;

(b) in paragraph (a), for “dependants' unsecured pension” substitute “dependants' drawdown pension”;

(c) at the end insert—

“This is subject to paragraph 24B.”

(3) For sub-paragraph (2) substitute—

“(2) The drawdown pension year in which the dependant dies is the last drawdown pension year and ends immediately before the dependant's death.”

(4) The heading before paragraph 23 becomes “ Drawdown pension year and basis amount for drawdown pension year ”.