Regulation 4 Amendment of regulation 4

(1)

Regulation 4 (excepted estates) is amended as follows.

(2)

In paragraph (1) for “(4)” substitute “(5)”.

(3)

In each of paragraphs (2) and (3)—

(a)

in sub-paragraph (c)(i) for “£100,000” substitute “£150,000”;

(b)

in sub-paragraph (c)(ii) for “£75,000” substitute “£100,000”;

(c)

after sub-paragraph (c) insert the following sub-paragraph—

“(ca)
that person was not a person by reason of whose death one of the alternatively secured pension fund provisions applies;”; and

(d)

in sub-paragraph (d) for “£100,000” substitute “£150,000”.

(4)

In paragraph (5)—

(a)

for sub-paragraph (b) substitute the following sub-paragraphs—

“(b)
that person was never domiciled in the United Kingdom or treated as domiciled in the United Kingdom by section 267 of the 1984 Act^f1;

(ba)
that person was not a person by reason of whose death one of the alternatively secured pension fund provisions applies; and”; and

(b)

in sub-paragraph (c) for “£100,000” substitute “£150,000”.

(5)

After paragraph (8) insert—

“(9)
In this regulation “the alternatively secured pension fund provisions” means the following sections of the 1984 Act—

(a)
section 151A (person dying with alternatively secured pension fund)^f2;

(b)
section 151B (relevant dependant with pension fund inherited from member over 75); and

(c)
section 151C (dependant dying with other pension fund).”.

Annotations

Footnotes

f1: Section 267(4) was amended by section 208(3) of the Finance Act 1993 (c. 34).
f2: Sections 151A to 151C were inserted by paragraph 4 of Schedule 22 to the Finance Act 2006 (c. 25).