12. The value of any funeral plan contract; and for this purpose, “funeral plan contract” means a contract under which—E+W
(a)the applicant makes one or more payments to another person (“the provider”);
(b)the provider undertakes to provide, or secure the provision of, a funeral in the United Kingdom for the applicant on his death; and
(c)the sole purpose of the plan is to provide or secure the provision of a funeral for the applicant on his death.
Commencement Information
I1Sch. 6 para. 12 in force at 27.11.2012, see reg. 1(1)