SCHEDULES
SCHEDULE 1Pension flexibility etc
Part 1Drawdown pensions
32Repeal and revocation of provisions relating to pre-6 April 2015 flexible drawdown
1
In FA 2004 omit—
a
in section 165(1), in pension rule 5, the second sentence,
b
section 165(3A) and (3B),
c
in section 167(1), in pension death benefit rule 4, the second sentence,
d
section 167(2A) and (2B),
e
in Schedule 28—
i
paragraph 10(11),
ii
paragraph 10A(11),
iii
paragraphs 14A to 14E,
iv
paragraph 24(11),
v
paragraph 24A(9), and
vi
paragraphs 24C to 24G, and
f
in Schedule 34, paragraph 4A.
2
In consequence of sub-paragraph (1), in Schedule 16 to FA 2011 omit paragraphs 1(3), 8(12), 10, 11(3), 18(12), 20 and 81(3).
3
The Registered Pension Schemes (Prescribed Requirements of Flexible Drawdown Declaration) Regulations 2011 (S.I. 2011/1792) are revoked.
4
The amendments made by sub-paragraphs (1) to (3) come into force on 6 April 2015.