(This note is not part of the Order)
Schedule 10 to, the Finance Act 1999 (c. 16) (“Schedule 10”) makes changes to the taxation of pension schemes where pension rights are shared on divorce or annulment. The changes complement the provisions of the Welfare Reform and Pensions Act 1999 (c. 30) and the Welfare Reform and Pensions (Northern Ireland) Order 1999 (S.I. 1999/3147 (N.I. 11)).
Paragraph 18 of Schedule 10 provides for certain of the provisions of Schedule 10 to have effect by reference to “the first appointed day” or “the second appointed day”. The Treasury may by order appoint these days under paragraph 18(1) of Schedule 10.
This Order appoints 10th May 2000 as “the first appointed day”, and 1st December 2000 as “the second appointed day”, for the purposes of paragraph 18 of Schedule 10.