(1)For the purposes of this Act this section contains provisions relating to the interpretation of these expressions—
(a)power of appointment, general power of appointment and special power of appointment;
(b)relevant pension scheme;
(c)taking effect (in relation to a will);
(d)will.
(2)A power of appointment includes—
(a)a discretionary power to create a beneficial interest in property without the provision of valuable consideration;
(b)a discretionary power to transfer a beneficial interest in property without the provision of valuable consideration.
(3)Section 11 applies to interpret references to a general or special power of appointment.
(4)Each of these is a relevant pension scheme—
(a)an occupational pension scheme;
(b)a personal pension scheme;
(c)a public service pension scheme.
(5)The expressions in subsection (4)(a) to (c) have the meanings given by sections 1 and 181(1) of the Pension Schemes Act 1993 (c. 48).
(6)An instrument which is a will takes effect at the testator's death.
(7)A reference to a will includes a reference to a codicil.
Commencement Information
I1S. 20 in force at 6.4.2010 by S.I. 2010/37, art. 2