Part 3 Commencement and Transitional Provision

Part 3 Commencement and Transitional Provision

General

85

Subject to the provisions of this Part, the amendments made by this Schedule have effect for the tax year 2011–12 and subsequent tax years.

Entitlement to unsecured or alternatively secured pension on 5 April 2011

86

Any person who, immediately before 6 April 2011, was entitled to unsecured pension or alternatively secured pension is to be treated, on and after that date, as entitled to drawdown pension.

87

Paragraph 6 of Schedule 28 to FA 2004 (short-term annuity) has effect on and after 6 April 2011 as if [a reference] to an annuity purchased by the application of sums or assets representing the whole or any part of the member's drawdown pension fund in respect of an arrangement included a reference to an annuity purchased before that date by the application of sums or assets representing the whole or any part of the member's unsecured pension fund in respect of the arrangement.

Member's unsecured or alternatively secured pension fund existing on 5 April 2011

88

Paragraph 8(1A) of Schedule 28 to FA 2004 (member's drawdown pension fund) has effect on and after 6 April

Powered by Lexis+®

Popular documents