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Paragraph 1 Persons entitled to hold index-linked certificates purchased before7th September 1981

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

An index-linked certificate issued before 7th September 1981 may beheld by any person who—

(a)

is not under a legal disability, and

(b)

had at the date he or she purchased the index-linked certificateattained the minimum eligible age, that is—

(i)

in relation to an index-linked certificate issued not laterthan 16th November 1980, the age of 65 years in the case of a man or theage of 60 years in the case of a woman;

(ii)

in relation to an index-linked certificate issued after 16thNovember 1980 but not later than 5th April 1981 the age of 60 years; or

(iii)

in relation to an index-linked certificate issued after 5thApril 1981, the age of 50 years;

or by any two or more of such persons jointly:

  • Provided that nothing in sub-paragraph (b) shall prevent anindex-linked certificate, whenever issued, from being transferred to aperson who is at the date of transfer eligible to hold an index-linkedcertificate.