# The Taxation of Pension Schemes (Transitional Provisions) Order 2006, Article 8: Modification of section 168 and Schedule 29

Extent: E+W+S+N.I.

(1) The 2004 Act is modified as follows.
(2) In section 168(1) (lump sum death benefit rule) after paragraph (i) insert—
“(j) a life cover lump sum.”.
(3) In Part 2 of Schedule 29 (registered pension schemes: supplementary provisions about lump sums) after paragraph 21 insert—
“Life cover lump sum
21A For the purposes of this Part a lump sum death benefit is a life cover lump sum if—
(a) the member had reached the age of 75 before he died;
(b) payment of the sum would not have prejudiced approval of the scheme for the purposes of Chapter 1 of Part 14 of ICTA if it had been made on 5th April 2006.”.

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Source: https://www.legislation.gov.uk/uksi/2006/572/article/8 (the official version)
Page: https://openlegislation.uk/taxation-of-pension-schemes-transitional-provisions-order-2006/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.