SCHEDULES

SCHEDULE 4Pension flexibility: annuities etc

PART 1Death benefits for nominees, successors and dependants

9Minor and consequential amendments

1

Section 172A (surrenders of benefits and rights) is amended as follows.

2

In subsection (1)(aa) (surrender of rights to payments under certain annuities triggers operation of subsection (2)) after “lifetime annuity or dependants’ annuity” insert “, or nominees’ annuity or successors’ annuity,”.

3

In subsection (9A)(b) (references to benefits include references to rights to payments under certain annuities) after “lifetime annuity or dependants’ annuity” insert “, or nominees’ annuity or successors’ annuity,”.