Any member contribution used to pay premiums to a personal term assurance policy (termed by the legislation a ‘non-group life policy’; see below) is not tax relievable where paid to an occupational pension scheme (see ¶376-350) after 31 July 2007 or to any other registered pension scheme after 5 April 2007, unless the policy is ‘protected’, (FA 2004, s. 188(3)(aa); FA 2007, Sch. 18, paras. 4 and 6).
A policy is a ‘protected policy’ if:
•it was issued before 21 March 2007 (in the case of an occupational scheme), or 6 December 2006 (in other cases);
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