# Finance Act 2004, Paragraph 37


(1) Payments under protected ill-health insurance contracts are not unauthorised member payments.
(2) Ill-health insurance contracts are contracts providing insurance against a risk relating to non-payment by a member of a pension scheme of contributions under the pension scheme.
(3) An ill-health insurance contract is protected if it was made before 6th April 2006 under—
(a) a personal pension scheme approved under Chapter 4 of Part 14 of ICTA before 6th April 2001, or
(b) an annuity contract or trust scheme approved under section 620 or 621 of ICTA or a substituted contract within the meaning of section 622(3) of ICTA.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/37 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-36/paragraph-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.