Paragraph 7

In Schedule 32 (supplementary provisions about benefit crystallisation events)—

(a)

in paragraph 1 (meaning of “the relevant pension schemes”: in certain cases means schemes of which the individual was a member immediately before death) after “5C” insert “ or 5D ”,

(b)

in paragraph 4(1) (further provision about benefit crystallisation event 4) for the words from “if” to “purchased” substitute

“if—
(a)
the lifetime annuity or a related dependants' annuity or a related nominees' annuity is, or
(b)
the lifetime annuity and a related dependants' annuity are, or
(c)
the lifetime annuity and a related nominees' annuity are, or
(d)
a related dependants' annuity and a related nominees' annuity are, or
(e)
the lifetime annuity and a related dependants' annuity and a related nominees' annuity are,
purchased ”,

(c)

in paragraph 14B (event 5C: meaning of “relevant two-year period”), and in the italic heading before that paragraph, for “event 5C” substitute “ events 5C and 5D ”, and

(d)

in paragraph 14C(1) (event 5C: meaning of “relevant unused uncrystallised funds”), and in the italic heading before paragraph 14C, for “event 5C” substitute “ events 5C and 5D ”.