Taxation of Pensions Act 2014

This section has no associated Explanatory Notes

37U.K.In paragraph 3 (definition of member's lifetime annuity) after sub-paragraph (1) insert—

(1A)For the purposes of this Part, but subject to any provision made under sub-paragraph (2C)(za), an annuity payable to the member is also a lifetime annuity if—

(a)it is payable by an insurance company,

(b)the member becomes entitled to it on or after 6 April 2015, and

(c)it is payable until the member's death or until the later of the member's death and the end of a term certain.