The Income Tax (Purchased Life Annuities) (Amendment) Regulations 1991

• Citation: S.I. 1991/2808
• Sections: 3

Section 1 Citation and commencement

These Regulations may be cited as the Income Tax (Purchased Life Annuities) (Amendment) Regulations 1991 and shall come into force on 1st March 1992.

Section 2 Interpretation

In these Regulations “the principal Regulations ” means the Income Tax (Purchased Life Annuities) Regulations 1956 .

Section 3 Amendments to the Principal Regulations

In regulation 6 of the principal Regulations–

(a) so far as concerns any purchased life annuity in respect of which the first annuity payment begins to accrue on or after 1st March 1992, for the words “the select tables” to “The a (55) Tables for Annuitants” there shall be substituted–

the tables comprised in Table A8 set out in Appendix A on pages 113 to 115 of the booklet entitled “Continuous Mortality Investigation Reports Number 10” published by the Institute of Actuaries and the Faculty of Actuaries in 1990

(b) the words “, and in using these tables” to “or by his Deputy” shall be omitted.