SCHEDULES

F1SCHEDULE 3AExcluded Trusts

Annotations:
Amendments (Textual)

Trusts of insurance policiesF24

1

A trust of a life policy paying out only—

a

on the death, terminal or critical illness, or permanent or temporary disablement of the person assured; or

b

to meet the cost of healthcare services provided to the person assured.

2

A trust of an insurance policy paying out only—

a

on the temporary disablement of the person assured, where that policy was applied for at the same time as a policy under sub-paragraph (1); or

b

to meet the cost of healthcare services provided to the person assured.

3

A trust of the benefits payable on the death of the person assured under a retirement policy.