SCHEDULES

SCHEDULE 1U.K.Abolition of starting and savings rates and creation of starting rate for savings

Part 2 U.K.Other amendments

ITTOIA 2005U.K.

58U.K.In section 539(5) (gains from contracts for life insurance etc: relief for deficiencies)—

(a)omit Step 2,

(b)in Step 3, for “2” substitute “ 1 ” and omit “other”, and

(c)in Step 5, omit the sentence relating to Step 2.