Paragraph 21

In Chapter 10 of Part 9 of ITEPA 2003 (other employment-related annuities) after section 611 insert—

“Exemptions from sections 609 to 611

611A

(1)

Chapter 17 of this Part provides exemptions for certain annuities (see sections 646B to 646E: certain beneficiaries' annuities purchased out of unused or drawdown funds).

(2)

See also paragraph 45A of Schedule 36 to FA 2004 (exemption in certain cases for payments on or after 6 April 2015 to beneficiaries under joint-life or similar annuities purchased before 6 April 2006).”