[195A Life assurance premium contributions]
Finance Act 2004 (2004 c 12) | Legislation

[195A  Life assurance premium contributions]

[(1)     Contributions paid by or on behalf of an individual under a registered pension scheme are life assurance premium contributions for the purposes of section 188(3)(aa) if—

(a)     rights under a non-group life policy (see subsection (2)) are (or later become) held for the purposes of the pension scheme, and

(b)     the contributions are treated by this section as paid in respect of premiums under the non-group life policy (see subsections (3) to (5)).

(2)     For the purposes of this section a “non-group life policy” is a policy of insurance under which the only benefits which may become payable are benefits payable in consequence, or in anticipation, of—

(a)     the death of the individual or one of a group of individuals which includes the individual, or

(b)     the deaths of more than one

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