Part 1 Pension Rules
Finance Act 2004 (2004 c 12) | Legislation

SCHEDULE 28 Registered Pension Schemes: Authorised Pensions—Supplementary

Sections 165 and 167

Part 1 Pension Rules

Defined benefits and money purchase arrangements

Ill-health condition

1

For the purposes of this Part the ill-health condition is met if—

(a)     the scheme administrator has received evidence from a registered medical practitioner that the member is (and will continue to be) incapable of carrying on the member's occupation because of physical or mental impairment, and

(b)     the member has in fact ceased to carry on the member's occupation.

Scheme pension

2

(1)     . . .

(2)     [A] pension payable to the member is a scheme pension for the purposes of this Part if—

(a)     it is payable by the scheme administrator or by an insurance company selected by the scheme administrator, and

(b)     it satisfies the condition in sub-paragraph (3).

(3)     The condition is that (subject to sub-paragraph (4)—

(a)     the pension is payable (at least annually) until the member's death or until the later of the member's death and the end of a term certain not exceeding ten years, and

(b)     the rate of pension payable [at any time during any] relevant 12 month period is not less

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