38(1)Paragraph 18 (charity lump sum death benefit) is amended as follows.U.K.
(2)In sub-paragraph (1)—
(a)omit paragraph (a);
(b)in paragraph (c), for the words from “in respect of” to “Schedule 28)” substitute “ in respect of the member's drawdown pension fund ”;
(c)in paragraph (d), omit from “(or, if the member” to the end.
(3)After sub-paragraph (1) insert—
“(1A)A lump sum death benefit is also a charity lump sum death benefit if—
(a)the member had reached the age of 75 at the date of the member's death,
(b)there are no dependants of the member,
(c)it is paid in respect of relevant uncrystallised funds in respect of a money purchase arrangement at the date of the member's death, and
(d)it is paid to a charity nominated by the member.
(1B)“Relevant uncrystallised funds” has the meaning given by paragraph 15(2).”
(4)In sub-paragraph (2)—
(a)omit paragraph (b);
(b)in paragraph (d), for “the dependant's alternatively secured pension fund” substitute “ the dependant's drawdown pension fund ”;
(c)in paragraph (e), omit from “(or, if neither the member” to the end.
(5)In sub-paragraph (4), for the words from “representing” to “pension fund” substitute “ representing what is the member's or dependant's drawdown pension fund ”.