SCHEDULEBENEFIT LIMITS

PART I—INTERPRETATION

6

1

“Retained benefits” means the total of any pensions, including the annual equivalent of any lump sum, payable to the participator—

a

in respect of employment before the participator entered pensionable employment, under a retirement benefits scheme or under an annuity contract falling within section 431 (4)(d) of the Taxes Act; or

b

under a retirement annuity contract or trust scheme approved under Chapter III of Part XIV of the Taxes Act; or

c

under a personal pension scheme.