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,”.