Perpetuities: miscellaneous
6Start of perpetuity period
(1)
The perpetuity period starts when the instrument referred to in section 1(2) to (6) takes effect; but this is subject to subsections (2) and (3).
(2)
If section 1(2), (3) or (4) applies and the instrument is made in the exercise of a special power of appointment the perpetuity period starts when the instrument creating the power takes effect; but this is subject to subsection (3).
(3)
If section 1(2), (3) or (4) applies and—
(a)
the instrument nominates benefits under a relevant pension scheme, or
(b)
the instrument is made in the exercise of a power of advancement arising under a relevant pension scheme,
the perpetuity period starts when the member concerned became a member of the scheme.
(4)
The member concerned is the member in respect of whose interest in the scheme the instrument is made.