SCHEDULES
SCHEDULE 1Pension flexibility etc
Part 1Drawdown pensions
Further drawdown amendments
21
In paragraph 22(2) of Schedule 28 (meaning of “dependant's drawdown pension fund”: funds designated as available for dependants' drawdown pension)—
a
in the opening words omit “they”,
b
in paragraph (a) for “have been designated at any time” substitute “
they have, at any time before 6 April 2015, been designated
”
,
c
before the “or” at the end of paragraph (a) insert—
aa
they have, at any time on or after 6 April 2015, been designated under the arrangement as available for the payment of dependants' drawdown pension to the dependant, 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 167(2A) did not apply to the arrangement immediately before 6 April 2015,
d
in paragraph (b)—
i
at the beginning insert “
they
”
, and
ii
for “sums or assets which have been so designated or” substitute “
dependant-designated funds under paragraph (a) or (aa) or from sums or assets
”
.