{
  "url": "https://openlegislation.uk/finance-act-2008/schedule-28/paragraph-3",
  "json_url": "https://openlegislation.uk/finance-act-2008/schedule-28/paragraph-3.json",
  "legislation": "ukpga/2008/9",
  "legislation_title": "Finance Act 2008",
  "legislation_url": "https://openlegislation.uk/finance-act-2008",
  "path": "schedule/28/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(1) Section 172A (surrender) is amended as follows.\n(2) In subsection (1), at the end of paragraph (a) (but before the “or”) insert—\n“(aa) any rights to payments under a lifetime annuity or dependants' annuity purchased by the application of sums or assets held for the purposes of the pension scheme,”.\n(3) In subsection (3)(a), for “relating to” substitute “ in respect of ”.\n(4) In subsection (5), after paragraph (c) insert—\n“(ca) a surrender of (or agreement to surrender) rights to payments under an annuity in any case covered by regulations under paragraph 3(2B) or 17(3) of Schedule 28;”.\n(5) After subsection (9) insert—\n“(9A) References in this section to a benefit to which the member or a person has an entitlement under the pension scheme includes rights to payments under—\n(a) a scheme pension or dependants' scheme pension provided by the scheme administrator or as a result of the application of sums or assets held for the purposes of the pension scheme, or\n(b) a lifetime annuity or dependants' annuity purchased by the application of sums or assets held for the purposes of the pension scheme.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2008/9/schedule/28/paragraph/3",
    "retrieved_at": "2026-10-29T09:12:06.707101+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."
}