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 marryingF18, 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 marryingF19, 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.

it is purchased by the application of sums or assets representing the whole or any part of the dependant’s unsecured pension fund in respect of an arrangement,

it is payable by an insurance company,

the dependant had an opportunity to select the insurance company,

it is payable for a term which does not exceed five years and ends before the dependant reaches the age of 75 or dies, and

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

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' short-term annuity (a “new dependants' short-term annuity”) or a scheme pension, lifetime annuity, short-term annuity, dependants' scheme pension or dependants' 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' short-term annuity becomes payable, the new dependants' short-term 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' short-term 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.

as are dependant-designated funds, and

have not been applied towards the provision of a dependants' scheme pension.

have been designated at any time under the arrangement as available for the payment of dependant's unsecured pension to the dependant, or

arise, or (directly or indirectly) derive, from sums or assets which have been so designated or which so arise or derive.

come to be taken to represent another dependant's unsecured pension fund of his under the pension scheme, or an unsecured pension fund of his under the pension scheme, or

are applied towards the provision of a scheme pension or a lifetime annuity,

the period of 12 months beginning with the day on which the dependant first becomes entitled to dependants' unsecured pension in respect of the arrangement, and

each succeeding period of 12 months.

that the current reference period is to end immediately before that day (so that sub-paragraph (1) no longer applies), and

that (subject to any further operation of this sub-paragraph) the period of five unsecured pension years beginning with that day, and each succeeding period of five unsecured pension years, is to be a reference period.

in relation to the first reference period, is the reference date, and

in relation to any subsequent reference period, is such day, within the period of 60 days ending with the reference date, as is nominated by the scheme administrator (or if no day is nominated by the scheme administrator, is the reference date).

if there has been no recent annuity purchase F13, recent additional fund designation or recent pension sharing event, on the nominated date, and

otherwise, immediately after the last annuity purchase F14, additional fund designation or pension sharing event,

beginning with the reference date, and

ending with the last day of the immediately preceding unsecured pension year.

meet condition A or B, and

have not been subsequently applied F17towards the provision of a dependants' scheme pension.

were part of the dependant's unsecured pension fund in respect of the arrangement when the dependant reached the age of 75, or

arise, or (directly or indirectly) derive, from sums or assets within paragraph (a) or which so arise or derive.

the period of 12 months beginning with the day on which the dependant first becomes entitled to alternatively secured pension in respect of the arrangement, and

each succeeding period of 12 months.