# Finance Act 2004, Paragraph 9

Extent: E+W+S+N.I.

(1) “Drawdown pension year” means—
(a) the period of 12 months beginning with the day on which the member first becomes entitled to drawdown pension in respect of the arrangement, and
(b) each succeeding period of 12 months.
This is subject to paragraph 10B.
(2) The drawdown pension year in which the member dies is the last drawdown pension year and ends immediately before the member's death.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/28/paragraph/9 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-28/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.