– see also Deposit-takers

Basic life and general annuity business

Child trust funds

Computation of profit

Deposit-taker

Distributions to

Entitlement to exemption from tax, extent of

Exempt basic life assurance and general annuity business (BLAGAB)/eligible permanent health insurance (PHI)

Directions to old societies

Generally

Maximum benefits paid to members

Meanings

No provision for assuring gross sums above specified values

Transfers from friendly societies to insurance companies

Transfers to friendly societies

Exempt other business

Incorporated societies

Payments by non-qualifying societies treated as distributions

Provisional repayments for

Registration pre-1 June 1973

Transfers between friendly societies

Transfers from friendly societies to insurance companies

Withdrawal of qualifying status

Exemptions from tax

Generally

Gilt-edged securities

Gilt-edged securities, periodic accounting for tax on interest

Incorporated

Charge to tax

Exemptions

Generally

Group capital gains

Life or endowment business, not exempt

Profits from subsidiaries or jointly controlled bodies corporate

Qualifying society, meaning

Range of activities

Incorporated friendly societies

Chargeable gains

Excluded property/rights etc.

Groups of companies

Recovery of tax from trustees

Life assurance premiums

Adoption of scheme

Amendment of rules

Amendment of scheme

Approved schemes

Approved schemes, amendment

Change of rate

Corresponding increase in sum assured

Form of election by member

Gross contribution, amendment

Increase in contribution

Notice to contribution payers

Notice/advertisement of amendments

Prescribed scheme

Sum assured, corresponding amendment

Life or endowment business

Life or endowment business exemption

Annuities

Anti-avoidance

Business pre-1 July 1984

Business pre-19 March 1985

Change in rules, structure or status

Conditions for exemption

Contracts pre-19 March 1985

Generally

Gross sums

Limits on benefits payable to members

Qualifying policy, meaning

Restriction for pre-1966 societies

Life or endowment business, not exempt

Long term business

Accounting periods, commencement date

Application of rules as mutual insurers

Breach of maximum benefits payable to members

Commencement

Definitions

Directions given to old societies

Exempt basic life assurance and general annuity business

Exempt other business

Exempt permanent health insurance

Incorporated friendly societies transfers, excluded property/rights etc.

Maximum benefits payable to members

No provision for assuring gross sums exceeding specified values

Regulations, Treasury power to make

Transfer of business rules

Transfers from friendly societies to insurance companies

Transfers to friendly societies

Transitional provisions

Unregistered societies, exemption for

Meaning

Modification of the corporation tax acts

Mutual societies, transfers of business or engagements

Non-annual actuarial investigations

Payments to members

Pre-1984 insurance business

Profits or other business exempt from tax

Provisional repayment regime

Qualifying lender

Qualifying policies

Registered

Exemptions

Generally

Life or endowment business, not exempt

Tax credits

Transfer of business

Application of rules

Transitional provisions

Chargeable gains and unrelieved losses

General annuity contracts (old)

Unit trusts, annual deemed disposal of holdings

Unregistered societies, exemption for

Unregistered, exemption from tax