Modifications etc. (not altering text)
C1Sch. 32 modified (6.4.2006) by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (S.I. 2006/207), regs. 1(1), 16
C2Sch. 32 applied (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 23(5)
Textual Amendments
F1Sch. 32 paras. 14B, 14C and cross-headings inserted (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), Sch. 2 para. 24(3)
F2Words in Sch. 32 para. 14C cross-heading substituted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 4 para. 7(d)
14C(1)For the purposes of benefit crystallisation [F3events 5C and 5D], sums or assets held after the death of the individual for the purposes of a money purchase arrangement relating to the individual under any of the relevant pension schemes are relevant unused uncrystallised funds if—U.K.
(a)they are unused uncrystallised funds, and
(b)the individual had not reached the age of 75 at the date of the individual's death.
(2)Paragraph 27E(4) and (5) of Schedule 28 (meaning of “unused uncrystallised funds”) apply for the purposes of sub-paragraph (1)(a), but as if references to the member were references to the individual.]
Textual Amendments
F3Words in Sch. 32 para. 14C(1) substituted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 4 para. 7(d)