PRE-COMMENCEMENT ILL-HEALTH INSURANCE CONTRACTS

Related Commentary  

37(1)  Payments under protected ill-health insurance contracts are not unauthorised member payments.

37(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.

37(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

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.