it is purchased either together with a lifetime annuity payable to the member or after the member's death,

it is payable by an insurance company,

the member or dependant had an opportunity to select the insurance company,

its amount either cannot decrease or falls to be determined in any manner prescribed by regulations made by the Board of Inland Revenue,

where the dependant is not the member’s child, it is payable until the dependant’s death or until the earlier of the dependant’s marryingF6, entering into a civil partnership or dying, and

where the dependant is the member’s child, it is payable until the earlier of the dependant’s ceasing to be a dependant or dying, or until the earliest of the dependant’s marryingF7, entering into a civil partnership, ceasing to be a dependant or dying.

sums or assets (or both) are transferred from the insurance company to another insurance company and are applied towards the provision of either another dependants' annuity (a “new dependants' annuity”) or a scheme pension, lifetime annuity, short-term annuity, dependants' scheme pension or dependants' short-term annuity by the other insurance company, or

sums or assets are transferred to the relevant registered pension scheme.

in a case where a new dependants' annuity becomes payable, the new dependants' annuity is to be treated, to such extent as is prescribed by the regulations and for such of the purposes of this Part as are so prescribed, as if it were the original dependants' annuity, and

in any other case, the relevant registered pension scheme is to be treated as making an unauthorised payment in respect of the member of an amount equal to the aggregate of the amount of the sums, and the market value of the assets, transferred.