{
  "url": "https://openlegislation.uk/finance-act-2004/schedule-28/paragraph-22",
  "json_url": "https://openlegislation.uk/finance-act-2004/schedule-28/paragraph-22.json",
  "legislation": "ukpga/2004/12",
  "legislation_title": "Finance Act 2004",
  "legislation_url": "https://openlegislation.uk/finance-act-2004",
  "path": "schedule/28/paragraph/22",
  "kind": "paragraph",
  "number": "22",
  "heading": null,
  "text": "(1) For the purposes of this Part a dependant's drawdown pension fund in respect of an arrangement consists of such of the sums and assets held for the purposes of the arrangement—\n(a) as are dependant-designated funds, and\n(b) have not been applied towards the provision of a dependants' scheme pension.\n(2) For the purposes of this Part sums or assets held for the purposes of an arrangement are dependant-designated funds if ...—\n(a) they have, at any time before 6 April 2015, been designated under the arrangement as available for the payment of dependants' drawdown pension ...,\n(aa) they have, at any time on or after 6 April 2015, been designated under the arrangement as available for the payment of dependants' drawdown pension ..., and—\n(i) sums or assets held for the purposes of the arrangement have, at any time before 6 April 2015, been designated under the arrangement as so available, and\n(ii) section 167(2A) did not apply to the arrangement immediately before 6 April 2015, or\n(b) they arise, or (directly or indirectly) derive, from dependant-designated funds under paragraph (a) or (aa) or from sums or assets which so arise or derive.\n(3) If any sums or assets representing a person's dependant's drawdown pension fund in respect of an arrangement under the pension scheme would (apart from this sub-paragraph)—\n(a) come to be taken to represent another dependant's drawdown pension fund of his under the pension scheme, or a drawdown pension fund of his under the pension scheme, or\n(b) are applied towards the provision of a scheme pension or a lifetime annuity,\nthey are to be treated as not doing so.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 28 para. 22(1) substituted (with effect in accordance with Sch. 16 para. 85 of the amending Act) by Finance Act 2011 (c. 11), Sch. 16 para. 16(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 28 para. 22(1)(a)(b) substituted (6.4.2006) by Finance Act 2005 (c. 7), Sch. 10 paras. 21(2), 64(1)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Sch. 28 para. 22(2)(3) inserted (6.4.2006) by Finance Act 2005 (c. 7), Sch. 10 paras. 21(3), 64(1)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Word in Sch. 28 para. 22(2) omitted (17.12.2014) by virtue of Taxation of Pensions Act 2014 (c. 30), Sch. 1 para. 21(a)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. 28 para. 22(2)(a) substituted (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), Sch. 1 para. 21(b)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. 28 para. 22(2)(a) substituted (with effect in accordance with Sch. 16 para. 85 of the amending Act) by Finance Act 2011 (c. 11), Sch. 16 para. 16(3)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in Sch. 28 para. 22(2)(a)(aa) omitted (16.9.2016) by virtue of Finance Act 2016 (c. 24), Sch. 5 para. 6(3)(a)(4)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Sch. 28 para. 22(2)(aa) inserted (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), Sch. 1 para. 21(c)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Word in Sch. 28 para. 22(2)(b) inserted (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), Sch. 1 para. 21(d)(i)"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in Sch. 28 para. 22(2)(b) substituted (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), Sch. 1 para. 21(d)(ii)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Word in Sch. 28 para. 22(3) inserted (16.9.2016) by Finance Act 2016 (c. 24), Sch. 5 para. 6(3)(b)(4)"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Words in Sch. 28 para. 22(3) substituted (with effect in accordance with Sch. 16 para. 85 of the amending Act) by Finance Act 2011 (c. 11), Sch. 16 para. 16(4)(a)"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Words in Sch. 28 para. 22(3)(a) substituted (with effect in accordance with Sch. 16 para. 85 of the amending Act) by Finance Act 2011 (c. 11), Sch. 16 para. 16(4)(b)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 28 para. 22 modified (6.4.2006) by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), arts. 1(1), 30(1)-(3)"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Sch. 28 para. 22(2) modified (with effect in accordance with Sch. 16 para. 85 of the amending Act) by Finance Act 2011 (c. 11), Sch. 16 para. 96"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2004/12/schedule/28/paragraph/22",
    "retrieved_at": "2026-10-29T09:17:16.113356+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}