Status: You are viewing the version of the handbook as on 2005-06-30.

income withdrawals

      1. 5(a) income withdrawals under section 630 of the Income and Corporation Taxes Act 1988; or
      1. (b) payments made under interim arrangements in accordance with section 28A of the Pension Schemes Act 1993;

    in respect of an election to make income withdrawals, a reference to a private customer , an investor or a policyholder includes, after that person's death, his surviving spouse, or anyone who is, at that time, his dependant, or both.