SCHEDULES

SCHEDULE 1 Abolition of starting and savings rates and creation of starting rate for savings

Part 2 Other amendments

ITTOIA 2005

58 In section 539(5) (gains from contracts for life insurance etc: relief for deficiencies)—

(a) omit Step 2,

(b) in Step 3, for “2” substitute “1” and omit “other”, and

(c) in Step 5, omit the sentence relating to Step 2.