Unsecured pension year and basis amount for unsecured pension yearU.K.
9(1)“Unsecured pension year” means—U.K.
(a)the period of 12 months beginning with the day on which the member first becomes entitled to unsecured pension in respect of the arrangement, and
(b)each succeeding period of 12 months.
(2)But when the member reaches the age of 75 or dies before reaching that age, the current unsecured pension year is the last unsecured pension year and ends immediately before the member’s death or 75th birthday.
Modifications etc. (not altering text)
C1Sch. 28 para. 9(1) modified (6.4.2006) by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), arts. 1(1), 29(1)(2)(4)
C2Sch. 28 para. 9(2) modified (27.7.2010) by Finance (No. 2) Act 2010 (c. 31), Sch. 3 para. 2(1)(2)(b)(ii) (with Sch. 2 para. 2(1))