SCHEDULE 19 Alternatively Secured Pensions and Transfer Lump Sum Death Benefit etc
Finance Act 2007 (2007 c 11) | Legislation

SCHEDULE 19 Alternatively Secured Pensions and Transfer Lump Sum Death Benefit etc

Section 69

Introduction

1

Part 4 of FA 2004 (pension schemes etc) is amended as follows.

Alternatively secured pension: guaranteed pension and maximum

2

(1)     In section 165(1) (pension rules) is amended as follows.

(2)     In pension rule 2 (guaranteed pensions)—

(a)     for “, an annuity or alternatively secured pension†substitute “or an annuityâ€, and

(b)     for “, annuity or alternatively secured pension†substitute “or annuityâ€.

(3)     .Ìý.Ìý.

3

In paragraph 12 of Schedule 28 (pension rules: alternatively secured pension year), omit sub-paragraphs (3) and (4) (guaranteed pensions).

.Ìý.Ìý.

4

.Ìý.Ìý.

Abolition of transfer lump sum death benefit

5

In section 168(1) (lump sum death benefit rule), omit paragraph (g) (transfer lump sum death benefit).

6

Omit section 172B(5)(a) (reduction for transfer lump sum death benefit).

7

In

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