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SCHEDULES

SCHEDULE 1U.K.Pension flexibility etc

Part 2 U.K.Annuities

Further annuities amendmentsU.K.

41U.K.In section 165(1) of FA 2004 (the pension rules) in pension rule 2 (death of a member)—

(a)in the first sentence after “an annuity,” insert “ and if in the case of an annuity that day was before 6 April 2015, ”,

(b)after that sentence insert—

If the member becomes entitled to an annuity on or after 6 April 2015 and the annuity is payable until the later of the member's death and the end of a term certain, payment of the annuity may continue to be made (to any person) until the end of that term., and

(c)in the final sentence for “But no other” substitute “ Except as provided by the preceding provisions of this rule, no ”.