Related Commentary  

12A(1)  Where a person has a drawdown fund, section 3(3) above does not apply in relation to any omission that results in the fund not being used up in the personʼs lifetime.

12A(2)  For the purposes of subsection (1) above, a person has a drawdown fund if the person has–

(a)a memberʼs drawdown pension fund,

(b)a memberʼs flexi-access drawdown fund,

(c)a dependantʼs drawdown pension fund,

(d)a dependantʼs flexi-access drawdown fund,

(e)a nomineeʼs flexi-access drawdown fund, or

(f)a successorʼs flexi-access drawdown fund, and

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