Taxation of Pensions Act 2014 (c. 30)

SCHEDULES

SCHEDULE 2 U.K. Death of pension scheme member

Part 3 U.K. Uncrystallised rights at member's death

21 U.K. In section 216(1) of FA 2004 (benefit crystallisation events and amounts crystallised), in the table, after the entry relating to benefit crystallisation event 5B insert—

“5C. The designation, on or after 6 April 2015 but before the end of the relevant two-year period, of relevant unused uncrystallised funds as available for the payment, to a dependant or nominee of the individual, of (as the case may be) dependants' flexi-access drawdown pension or nominees' flexi-access drawdown pension

The aggregate of the amount of the sums and the market value of the assets designated”