161 Meaning of “payment” etc
Finance Act 2004 (2004 c 12) | Legislation

161  Meaning of “payment” etc

(1)     This section applies for the interpretation of this Chapter.

(2)     “Payment” includes a transfer of assets and any other transfer of money's worth.

(3)     Subsection (4) applies to a payment made or benefit provided under or in connection with an investment (including an insurance contract or annuity) acquired using sums or assets held for the purposes of a registered pension scheme.

(4)     The payment or benefit is to be treated as made or provided from sums

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