SCHEDULES
SCHEDULE 1Pension flexibility etc
Part 2Annuities
Reduction of restrictions on new annuities
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In paragraph 17 (definition of dependants' annuity) after sub-paragraph (1) insert—
1ZA
For the purposes of this Part, but subject to any provision made under sub-paragraph (4)(za), an annuity payable to a dependant is also a dependants' annuity if—
a
either—
i
it is purchased together with a lifetime annuity payable to the member and the member becomes entitled to that lifetime annuity on or after 6 April 2015, or
ii
it is purchased after the member's death and the dependant becomes entitled to it on or after 6 April 2015,
b
it is payable by an insurance company,
c
where the dependant is not the member's child, it is payable until the dependant's death or until the earliest of the dependant's marrying, entering into a civil partnership or dying, and
d
where the dependant is the member's child, it is payable until the earlier of the dependant's ceasing to be a dependant or dying, or until the earliest of the dependant's marrying, entering into a civil partnership, ceasing to be a dependant or dying.