[F1Meaning of “successor”U.K.
Textual Amendments
F1Sch. 28 paras. 27A-27K and cross-headings inserted (17.12.2014) (with effect in accordance with Sch. 2 para. 3(2) of the amending Act) by Taxation of Pensions Act 2014 (c. 30), Sch. 2 para. 3(1)
27F(1)“Successor of the member” means an individual—U.K.
(a)nominated by a dependant of the member,
(b)nominated by a nominee of the member,
(c)nominated by a successor of the member, or
(d)nominated by the scheme administrator,
but see sub-paragraph (2).
(2)In relation to any particular benefits under an arrangement relating to a dependant, nominee or successor of the member (“the beneficiary”) in that capacity, no individual nominated by the scheme administrator counts as a successor of the member at any time after the beneficiary's death when there is an individual, or charity, nominated by the beneficiary in relation to the benefits.
(3)A reference in sub-paragraph (2) to being nominated in relation to particular benefits under an arrangement includes—
(a)a reference to being nominated in relation to the scheme,
(b)a reference to being nominated in relation to arrangements that include the arrangement,
(c)a reference to being nominated in relation to the arrangement, and
(d)a reference to being nominated in relation to benefits that include the particular benefits.
(4)Where a successor of the member is an individual who is also a dependant of the member, the individual in the capacity of a successor of the member is to be treated as not also being a dependant of the member.]