Section 6 Start of perpetuity periodI1
The perpetuity period starts when the instrument referred to in section 1(2) to (6) takes effect; but this is subject to subsections (2) and (3).
If section 1(2), (3) or (4) applies and the instrument is made in the exercise of a special power of appointment the perpetuity period starts when the instrument creating the power takes effect; but this is subject to subsection (3).
If section 1(2), (3) or (4) applies and—
the instrument nominates benefits under a relevant pension scheme, or
the instrument is made in the exercise of a power of advancement arising under a relevant pension scheme,
the perpetuity period starts when the member concerned became a member of the scheme.
The member concerned is the member in respect of whose interest in the scheme the instrument is made.
Annotations
Commencement
- I1
S. 6 in force at 6.4.2010 by S.I. 2010/37, art. 2