Paragraph 22C F1

United Kingdom

(1)

Sub-paragraph (2) applies if—

(a)

a dependant's drawdown pension fund in respect of an arrangement came into being before 6 April 2015,

(b)

section 167(2A) did not apply to the arrangement immediately before 6 April 2015, and

(c)

the dependant notifies the F2scheme manager that the dependant wishes the fund to become the dependant's flexi-access drawdown fund in respect of the arrangement.

(2)

At—

(a)

the time the scheme manager accepts the notification, or

(b)

the start of 6 April 2015 if that is later,

the sums and assets that then make up that fund become newly-designated dependant funds, if they have not previously done so by the operation of paragraph 22B.

Annotations

Textual amendments

F1: Sch. 28 paras. 22A-22D and cross-headings inserted (17.12.2014) (with effect in accordance with Sch. 1 para. 4(2) of the amending Act) by Taxation of Pensions Act 2014 (c. 30), Sch. 1 para. 4(1)
F2: Words in Sch. 28 paras. 22C, 22D substituted by S.I. 2006/207, reg. 14(3)(ea) (as inserted (6.4.2015) by Taxation of Pensions Act 2014 (c. 30), Sch. 1 para. 33(3)(c)(4) (with Sch. 1 para. 33(5))

Notes on Schedule 28

Modifications

C1: Sch. 28 modified by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (S.I. 2006/207), regs. 1(1), 14 (as substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by S.I. 2012/1795, regs. 1(1), 5)