Finance Act 2004

[F114C(1)For the purposes of benefit crystallisation [F2events 5C and 5D], sums or assets held after the death of the individual for the purposes of a money purchase arrangement relating to the individual under any of the relevant pension schemes are relevant unused uncrystallised funds if—U.K.

(a)they are unused uncrystallised funds, and

(b)the individual had not reached the age of 75 at the date of the individual's death.

(2)Paragraph 27E(4) and (5) of Schedule 28 (meaning of “unused uncrystallised funds”) apply for the purposes of sub-paragraph (1)(a), but as if references to the member were references to the individual.]