Paragraph 2

A personal pension scheme falls within this paragraph if it is not a pension scheme that is—

(a)

either—

(i)

set up or established in an annuity contract, or

(ii)

a trust scheme, and

(b)

to be treated as becoming a registered pension scheme under section 153(9) of the Finance Act 2004 in accordance with paragraph 1(1)(f) of Schedule 36 to that Act.