SCHEDULES
SCHEDULE 35Pension schemes etc: minor and consequential amendments
27Income and Corporation Taxes Act 1988 (c. 1)
1
Section 657(2) (life annuities to which section 656 does not apply) is amended as follows.
2
In paragraph (b), for “266, 273 or 619 or to any annuity payable under a substituted contract within the meaning of section 622(3);” substitute “266 or 273;”.
3
For paragraphs (d) to (f) substitute—
d
to any annuity under, or purchased with sums or assets held for the purposes of, a registered pension scheme; or
e
to any annuity purchased by any person in recognition of another’s services (or past services) in any office or employment.