Article 29A Member’s unsecured pension funds – further provisionsF1

In the case of an individual who meets the conditions set out in paragraph (2), paragraph (3) applies.

The conditions are as follows.

• Condition A

  The individual is a member of a scheme which falls within paragraph 1(1) of Schedule 36.

• Condition B

  The individual was, on 5^th April 2006, entitled to a pension which was not provided under a defined benefits arrangement and which—

  1. (a)

     took the form of income drawdown under a retirement benefits scheme approved for the purposes of Chapter 1 of Part 14 of ICTA; or

  2. (b)

     was paid from the resources of—

     1. (i)

        a small self-administered scheme as defined in the Retirement Benefits Schemes (Restriction on Discretion to Approve) (Small Self-Administered Schemes) Regulations 1991, or

     2. (ii)

        a small self-administered scheme that had been approved under section 590 of ICTA,

     the rules of which, on 5^th April 2006, did not require the purchase of an annuity in respect of the individual; or

  3. (c)

     took the form of income withdrawal under a personal pension scheme approved under Chapter 4 of Part 14 of ICTA pursuant to section 634A of that Act.

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