Income and Corporation Taxes Act 1988 (c. 1)
27(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.”