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.
Sch. 3A inserted (6.10.2020) by The Money Laundering and Terrorist Financing (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/991), regs. 1(2), 11