SCHEDULES
C4SCHEDULE 28Registered pension schemes: authorised pensions—supplementary
Part 1Pension rules
F8Member's drawdown pension fund
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)
C1C28
1
C3F11A
For the purposes of this Part sums or assets held for the purposes of an arrangement are member-designated funds if F9...—
a
F11aa
they have, at any time on or after 6 April 2015, been designated under the arrangement as available for the payment of drawdown pension, and—
i
sums or assets held for the purposes of the arrangement have, at any time before 6 April 2015, been designated under the arrangement as so available, and
ii
section 165(3A) did not apply to the arrangement immediately before 6 April 2015, or
b
and have not been applied towards the provision of a scheme pension.
F52
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F53
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F24
If any sums or assets representing the member's F6drawdown 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 F6drawdown pension fund of his under the pension scheme, they are to be treated as not doing so.
Sch. 28 modified by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (S.I. 2006/207), regs. 1(1), 14 (as substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by S.I. 2012/1795, regs. 1(1), 5)