Citation and commencement2
1
Section 632 of the Income and Corporation Taxes Act 1988 shall be amended as follows.
2
In subsection (1) for the word “The” there shall be substituted the words “Subject to subsection (1A), the”.
3
After subsection (1) there shall be inserted the following subsection—
1A
The Board may approve a personal pension scheme established by any person other than a person mentioned in subsection (1)(a) to (e) if the scheme is established under a trust or trusts.