Finance Act 2008

Amendments of Part 4 of FA 2004

2 (1) Section 172 (assignment) is amended as follows.

(2) In subsection (3)—

(a) in paragraph (a), for “an actual or” substitute “a”, and

(b) in paragraph (b), for “the member” substitute “a member of the pension scheme”.

(3) After subsection (6) insert—

“(6A) References in this section to a benefit to which the member or a person has an entitlement under the pension scheme includes rights to payments under—

(a) a scheme pension or dependants' scheme pension provided by the scheme administrator or as a result of the application of sums or assets held for the purposes of the pension scheme, or

(b) a lifetime annuity or dependants' annuity purchased by the application of sums or assets held for the purposes of the pension scheme.”