7 Modification of section 636A ITEPA 2003
1 ITEPA 2003 is modified as follows.
2003 c. 12.
2 In section 636A(1) (exemption for certain lump sums under registered pension schemes)—
(a) at the end of paragraph (e) omit “or”;
(b) at the end of paragraph (f) add “or”; and
(c) after paragraph (f) insert—

“(g) a life cover lump sum.”

.
Section 636A is inserted by paragraph 11 of Schedule 31 to the Finance Act 2004.
3 In section 636A(7) after “unsecured pension fund lump sum death benefit” insert “life cover lump sum”.