SCHEDULES

C2SCHEDULE 28Registered pension schemes: authorised pensions—supplementary

Annotations:
Modifications etc. (not altering text)

C2Part 1Pension rules

F1Member's drawdown pension fund

Annotations:
Amendments (Textual)
F1

Sch. 28 para. 8 cross-heading substituted (with effect in accordance with Sch. 16 para. 85 of the amending Act) by Finance Act 2011 (c. 11), Sch. 16 para. 6(6)

C4C2C18

1

For the purposes of this Part the F4member's drawdown pension fund in respect of an arrangement consists of such of the sums or assets held for the purposes of the arrangement F6as are member-designated funds.

C3F71A

For the purposes of this Part sums or assets held for the purposes of an arrangement are member-designated funds if they—

a

have been designated at any time under the arrangement as available for the payment of F2drawdown pension, or

b

arise, or (directly or indirectly) derive, from sums or assets which have been so designated or which so arise or derive,

and have not been applied towards the provision of a scheme pension.

F82

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F83

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F54

If any sums or assets representing the member's F3drawdown pension fund in respect of an arrangement under the pension scheme would (apart from this sub-paragraph) come to be taken to represent another unsecured pension fund of his under the pension scheme, or a dependant's F3drawdown pension fund of his under the pension scheme, they are to be treated as not doing so.