# Finance Act 2004, Paragraph 22A


(1) For the purposes of this Part a dependant's flexi-access drawdown fund in respect of an arrangement consists of such of the sums or assets held for the purposes of the arrangement as are newly-designated dependant funds.
(2) For the purposes of this Part sums or assets held for the purposes of an arrangement are newly-designated dependant funds if—
(a) they—
(i) 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
(ii) are not dependant-designated funds, or
(b) they were dependant-designated funds immediately before 6 April 2015 and section 167(2A) applied to the arrangement at that time, or
(c) they have become newly-designated dependant funds by the operation of paragraph 22B, 22C or 22D, or
(d) they arise, or (directly or indirectly) derive, from newly-designated dependant funds under paragraph (a), (b) or (c) or from sums or assets which so arise or derive.
(3) Any sums or assets that become newly-designated dependant funds under sub-paragraph (2)(b) cease to be dependant-designated funds as from the start of 6 April 2015.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/28/paragraph/22A (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-28/paragraph-22A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.