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Finance Act 2004

Finance Act 2004 Sch 36 para 37

Sch 36 para 37

(1) Payments under protected ill-health insurance contracts are not unauthorised member payments. (2) Ill-health insurance contracts are contracts providing insurance against a risk relating to non-payment by a member of a pension scheme of contributions under the pension scheme. (3) An ill-health insurance contract is protected if it was made before 6th April 2006 under— (a) a personal pension scheme approved under Chapter 4 of Part 14 of ICTA before 6th April 2001, or (b) an annuity contract or trust scheme approved under section 620 or 621 of ICTA or a substituted contract within the meaning of section 622(3) of ICTA.

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